Insights from a survey conducted by the Pew Research Center on November 11th reportedly suggested that 16% of US citizens have invested, traded or used a kind of crypto. 

Specifically, the figure reportedly witnessed a significant surge to 31% for citizens 18–29 years of age, and even higher to 43% for males in the same age bracket. 

Black, Hispanic and Asian people who took part in the survey are the groups that possess a higher chance of making investments in crypto, compared to the group who identified themselves as white. 

The income aspect reportedly generated no differences among the participated groups. 

“We do see now that a large share of the American public has heard at least a little about cryptocurrencies. It was striking to see how there are demographic differences in awareness and use of cryptocurrencies.”

The survey’s sample is reportedly made up of 10,371 adults, chosen from the center’s American Trends Panel. The panel is recruited via a countrywide random sampling of addresses, which will then go through a filter consisting of different aspects, nominally ethnicity, political party, gender and education.

Panel members were further requested to offer their answer to the question of whether crypto has ever crossed their ears. Approximately a quarter (24%) shared that they are no strangers to news of crypto, while around two-thirds (62%) claimed to have heard some. Only one-eighth (13%) had heard nothing whatsoever regarding crypto. 

Asian Americans reportedly have the highest likelihood to report possessing adequate knowledge about crypto, while around 25% and 29% of all other ethnic groups have a very firm grasp of the concept. 

Despite income not playing a big role affecting crypto investments, the rate of respondents claiming a high knowledge of crypto did increase in proportion to income here.