The Pew Research Center’s recent report on the adoption and confidence in the cryptocurrency market among U.S. adults indicates that there has been little change over the past few years. The report reveals that 75% of U.S. adults who are aware of cryptocurrency lack confidence in its safety and reliability. However, the sentiment varies by age and gender, with men aged 18 to 50 driving most of the movement in the U.S. cryptocurrency market.
According to the survey, there is a disparity in cryptocurrency usage in the United States among different racial groups, with 24% of Asian adults and 21% of Black or Hispanic adults having invested in or used cryptocurrency, while only 14% of White adults have done the same. The report suggests that U.S. cryptocurrency adoption rates may have stalled out, with only a 1% increase in total adoption between 2021 and 2023, and only 16% of respondents claiming to have tried crypto for the first time in the last year. On a positive note, the study indicates that around two-thirds of U.S. adults who have invested in cryptocurrency continue to hold at least some.