More Americans Know at Least One Cryptocurrency
Cryptocurrencies Continue to Push into the Mainstream
A YouGov survey suggests that more Americans than ever are learning about cryptocurrencies.
The survey shows that 81% of Americans have heard of at least one cryptocurrency. The most well-known cryptocurrency – naturally – is Bitcoin. Roughly 24% of U.S. adults have heard of Bitcoin Cash. Just 17% of have heard of Ethereum.
YouGov Survey Predicts Wider Adoption
According to the YouGov survey, 40% of respondents who have heard of a cryptocurrency expect widespread adoption over the next 10 years. It also showed that millennials are far more aware of digital currencies than older generations.
About 55% of Millenials believe that cryptocurrencies will experience wider acceptance in the years ahead. Generation X registered 41%, while just 29% of Baby Boomers said the same.
Meanwhile, the generations show a divide on their views of digital currencies as an investment. About 35% of Millenials say they think cryptocurrencies are a good investment. However, 44% of Baby Boomers felt it was a bad investment.
More Survey Data
The report comes a year after YouGov released a similar report. Last year, a report showed that 79% of Americans were familiar with at least one cryptocurrency. That figure shows a two-percentage-point increase year-over-year. Meanwhile, just 71% of respondents had heard of Bitcoin last year.
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