More Americans Know at Least One Cryptocurrency

September 30, 2019 | Digital Assets, Investments, News

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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