Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $0.000.070% 24H
    BITCOIN
    24H : 0.070%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.34% 24H
    ETHEREUM
    24H : -0.34%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.770% 24H
    BNB
    24H : 0.770%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.001.07% 24H
    XRP
    24H : 1.07%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.28% 24H
    CARDANO
    24H : -1.28%
    Volume : $0.00
    Marketcap : $0.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.006.67% 24H
    TERRA LUNA CLASSIC
    24H : 6.67%
    Volume : $0.00
    Marketcap : $0.00
Coinscreed
  • Home
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
    • Secret Lives
    • My Life in Crypto
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
  • Quizzes
Advertise
No Result
View All Result
Coinscreed
No Result
View All Result
Home News

Over 10% Of Americans Will Own Crypto By Year-End: Research

Ifeanyi Jesse by Ifeanyi Jesse
1 year ago
in News
Reading Time: 4 mins read
A A
Share on FacebookShare on Twitter
New research has revealed that over 10% which nearly 34 million Americans will own cryptocurrency by the end of the year
Over 10% Of Americans Will Own Crypto By Year-End: Research
Over 10% Of Americans Will Own Crypto By Year-End: Research

Over 10% Of Americans Will Own Crypto By Year-End

According to a report released on April 20 by research firm Insider Intelligence on the cryptocurrency industry, over 10%, which is nearly 34 million Americans, will own cryptocurrency by the end of the year.

According to the research by DebtHammer, the total number as of June 22 has now exceeded 59.6 million which is almost twice the number reported on April 20.

SuggestedArticles

CBA Joins Westpac in Restricting Crypto Payments 

4 hours ago
EU Consumer Group Urges Social Media Platforms to Ban Crypto Ads

EU Consumer Group Urges Social Media Platforms to Ban Crypto Ads

5 hours ago

This equates to roughly over 10% of the population, though the company reported a higher figure of 12.8 percent, possibly based on adult population figures rather than the total population.

According to the researchers, by 2023, the number of adults in the United States who own and use cryptocurrency for payments will be in the double digits. According to the report, 3.6 million Americans will use digital assets as a payment method this year.

Crypto Adoption Surging

According to the forecast, the total transaction value of crypto payments will surpass $10 billion for the first time in 2022. According to the figures, this represents a 70 percent increase from 2021.

Nazmul Islam, an Insider Intelligence forecasting analyst, commented on the meteoric rise of cryptocurrency adoption in the United States:


“In 2021, cryptos became easier to purchase within apps consumers were already using, and while major financial institutions embraced crypto investments. Add hype surrounding meme stocks like Dogecoin to this easier accessibility, and you have a huge spike in ownership rates.”

— Nazmul Islam, An Insider Intelligence Forecasting Analyst

According to the report, more than 37 million adults in the United States will own cryptocurrency in 2023, accounting for roughly 14% of the population. The largest ownership group will be those between the ages of 25 and 34, followed by those between the ages of 35 and 44.

Source: Insiderintelligence.com
Crypto Adoption Surging. Source: Insiderintelligence.com

With 25.2 million holders this year, up 16.7% from last year, bitcoin remains the most popular digital asset among American investors. By the end of this year, there will be 13.1 million Ethereum investors in the United States, up 26.8% from 2021.

Transaction Value Surging

According to the report, transaction value will increase by another 55.4 percent by the end of 2023, surpassing $16 billion from around $10 billion this year.

Insider Intelligence’s principal analyst, David Morris, stated that 2021 would be all about networks building crypto payment infrastructure and stablecoin adoption, before adding:


David Morris, Insider Intelligence’s principal analyst

“We also expect that more crypto options will be layered into how people pay, like cards and digital wallets. These factors should spur high crypto payment growth rates over the next few years.”

— David Morris, Insider Intelligence’s principal analyst

The data and methodology were derived from an analysis of quantitative and qualitative data from research and media firms, government agencies, and public companies, according to the company.

Tags: #America News#crypto adoption#Cryptocurrency

Oh hi there 👋
It’s nice to meet you.

Sign up to receive a weekly round-up of the latest happenings in the crypto space!

We don’t spam! Read our privacy policy for more info.

Please check your inbox or spam folder to confirm your subscription.

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Contact Us
  • Partners
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • Home
  • News
  • Stories
    • Interviews
    • My Life in Crypto
    • Secret Lives
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
  • Contact Us

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.