• According to a survey, 90% of Americans have at least basic cryptocurrency knowledge

  • According to a recent Pew Research Center survey, the vast majority of US adults (86 percent) have heard something about digital currencies. However, only 16% of those polled admitted to having personally invested in some of them.

    Americans Are Aware of Cryptocurrency

    Pew Research Center, a nonpartisan think tank, polled over 10,000 American citizens to determine their level of crypto awareness. According to the findings, 24 percent of participants said they knew a lot about digital assets, while 62 percent said they had only heard about them. 13% have no idea what bitcoin, ether, or any other virtual tokens are.

    According to the poll, 31 percent of US citizens with higher earnings are more likely to have heard about cryptocurrencies, while 25 percent of those with average earnings are. Only 21% of people with lower incomes have a basic understanding of the subject.

    Since a similar study in 2015 revealed that less than half of people were aware of bitcoin, the number of people who are aware of cryptocurrencies has grown significantly.

    However, the proportion of actual crypto investors and those dealing with the asset class is only 16%. When it comes to men aged 18 to 29, the trends change dramatically. They are the most active demographic group in the industry, according to the survey, with 43 percent having experience investing, trading, or using digital assets. This proportion is 19% among women under the age of 30.

    People over the age of 65, predictably, have shown no desire to jump on the digital asset bandwagon, with only 3% admitting ever dealing with the asset class.

    Some Americans have made a fortune through cryptocurrency investments.

    According to data from another recent poll, approximately 4% of US residents who have invested in the cryptocurrency market have resigned from their jobs in the last year because they have made sufficient profits. 7 percent of those polled said they knew someone who had quit their job because of cryptocurrency gains.

    A closer look reveals that a large proportion of the people are in the lowest income brackets, with 64 percent earning less than $50,000 per year. However, only 8% of those earning more than $150,000 have done so.

    Mark Cuban, the billionaire entrepreneur and owner of The Dallas Mavericks, appeared to be impressed with the results, as he shared the post on his personal Twitter account. He hinted that if bitcoin and other altcoins continue to rise in value against the US dollar, this percentage could rise further.

    What's your reaction?