What percent of Americans own crypto?
Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.
About 46 million Americans (roughly 22% of the adult population) own a share of Bitcoin. By 2025, financial analysts say, the global blockchain market will grow by $39.17 billion US dollars. 29% of all millennial American parents own cryptocurrency.
In reality, only 2.3% of all Bitcoin owners own 1 BTC or more (worth around $35K per Bitcoin as of November 6th, 2023). In addition to Bitcoin ownership primarily spread across multiple small holders, most of Bitcoin's largest holders represent “the many” rather than a few.
- Listing The Top 5 US States With Most Crypto Users.
- California: The Tech Beacon.
- New Jersey: The Ethereum Advocate.
- Washington: The Innovation Hub.
- New York: The Diverse Crypto Melting Pot.
- Colorado: The Blockchain Pioneer.
- Conclusion.
The U.S. cryptocurrency market size was estimated at USD 1.19 billion in 2022 and is expected to reach USD 1.31 billion in 2023.
Key Findings
Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.
Some who've braved the crypto waters have dove deep. After removing the top and bottom 1% of survey respondents, the average amount invested in crypto — according to our research — is $7,738, with a median of $500. Many people have a set amount of money they're able and/or willing to invest.
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
A survey estimates that there are 88,200 millionaires around the world who have become rich through crypto assets, highlighting how this sector affects the wealth landscape.
According to their findings, a one in four Americans and 55% of surveyed investors, defined by Unchained as those with at least one investment account between the ages of 18 and 78, own bitcoin.
What is the most popular cryptocurrency in USA?
Bitcoin (BTC)
Bitcoin was created by a mysterious person or group of people using the pseudonym Satoshi Nakamoto, and its blockchain-based, decentralized transaction verification and public ledger system revolutionized how people think about digital security.
Many 2021 surveys suggest at least 16% of Americans traded crypto. Plus, the U.S. was the only industrialized country in the top 10 of Chainalysis' 2022 Global Crypto Adoption Index. However, when analyzing the most crypto users by country per capita, Thailand appears to have the highest number of crypto holders.
States without a personal income tax are generally favorable to individual crypto investors and can be considered crypto friendly states. As of 2023, eight states do not levy a state income tax on individuals. They are: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming.
Crypto Future Predictions for the Next 5 Years
Analysts predict that increased institutional adoption and limited supply post-halvings could propel Bitcoin towards $100,000 and beyond in the next 5 years. Ethereum: As Ethereum transitions to Ethereum 2.0, it could unlock additional value.
Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on the popularity of AI. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.
Bitcoin is a risky investment with high volatility, and should only be considered if you have a high risk tolerance, are in a strong financial position already and can afford to lose any money you invest in it.
Cryptocurrency statistics: Investors and demographics
About 21 percent of American adults have owned cryptocurrency as of 2022, according to NBC News.
$51,757/BTC
Given that a bitcoin currently cost $51,757, there are only enough bitcoins for every person to have $126.59 worth. If bitcoins were distributed using the current global distribution of wealth, 99.9% of people would have $24.08 worth of bitcoins, and people in the top . 001% would have 0.73 bitcoins each.
According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
Billionaires with largest net worth drop due to global crypto crash in 2022. Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars.
Why don t more people invest in crypto?
Such a dramatically unstable market price puts Bitcoin closer to speculation than investing – something we are not in the business of. And, while some new cryptocurrencies are backed by so-called hard currency, there is little reason not to simply hold the hard currency directly rather than via cryptocurrency.
As long as you focus on the long-term outlook, getting in early on these three cryptos could turn out to be a very profitable investment strategy. Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Solana, and XRP.
Yes, there are a reported 40,500 Bitcoin millionaires. But there are also 1 million crypto wallets worldwide that hold at least one whole Bitcoin. Thus, just based on these figures, your chance of becoming a millionaire (even if you choose to invest $43,000 for a whole Bitcoin today) could be less than 5%.
Scarcity: As the supply of unrewarded coins diminishes, demand increases. There will only ever be 21 million bitcoins in existence. Divisibility: Bitcoin is much more divisible than fiat currencies. One bitcoin can be divided into up to eight decimal places, with constituent units called satoshis.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2029 | $457,751.22 | $470,201.98 |
| 2030 | $693,662.63 | $717,171.28 |
| 2031 | $964,056.58 | $992,742.72 |
| 2032 | $1,445,343.45 | $1,485,052.48 |
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