American men are almost twice as likely to invest in digital currencies, with 19% of American men owning digital currencies versus just 10% of American women.
In 2018, a survey conducted by ING found that 57% of America residents had heard of digital currency. Comparing this with the 2019 survey results from IE CGC, more Americans (almost 70%) have heard of digital currencies. This suggests a growing interest among Americans in purchasing digital currency since 2018 which varies significantly across age and income.
Breaking down digital currency ownership by income, ownership levels are significantly higher among the very wealthy. Out of the surveyed owners, over 70% of them have an annual income above USS1 million, and 33% of them with income between US$500,000 and US$999,999.
Majority of the US digital currency owners are in the 18-44 age group (58%). 5% of them are 55 and above. This concludes that digital currencies are largely owned by young, tech savvy and wealthy Americans.
Highly educated Americans are more likely to own digital currencies, 17% of them hold a doctorate education and equivalent, while 9% with a secondary education. On top of that, a higher percentage of American men (16%) own digital currencies than women (7%).
