14% of the U.S. population already holds cryptocurrency

A report recently released by Gemini shows that a considerable number of Americans already hold cryptocurrency assets. The company will survey 3,000 American adults aged 18 to 65 with a household income of US$40,000 and above in 2020 (the survey period is from October 19 to November 16, 2020, including 921 people familiar with cryptocurrency knowledge and 1697 respondents who are interested in cryptocurrency) and found that about 14% of the U.S. population owns cryptocurrency, or about 21.2 million people. Other reports predict that this number may be higher and will double this year.

Gemini’s interpretation of the “average level” of cryptocurrency holders is as follows: Most cryptocurrencies are owned by young people, whites, and men-74% of holders are men, of which 77% are under the age of 45, 71 % Is a white race. These data portray a portrait of an average holder of cryptocurrency: a 38-year-old white male with an annual income of approximately $111,000.

At present, not everyone will really buy cryptocurrency, and more people are just staying at the stage of interest in it. The survey found that there are many people in this group. The specific definition of this group in the survey is: people who currently do not own cryptocurrency, but express that they want to learn more about it, or have purchase plans. The results show that this group includes 63% of American adults. It is conceivable that once these people start to buy cryptocurrency, then the average user portrait we described above will change-the survey shows that about 13% of American adults plan Purchase cryptocurrency in the next 12 months, that is 19.3 million people, which is almost twice the number of current holders of cryptocurrency.

On May 11th, Tesla CEO Elon Musk launched a poll online: Do you want Tesla to accept Dogecoin as payment? As of press time, nearly 600,000 users have participated in the voting. The results show that 78.2% of users support Tesla’s acceptance of Dogecoin.

On March 24 this year, Musk announced on Twitter that he could use Bitcoin to buy Tesla’s vehicles. He also said that later this year, bitcoin payments will also be available outside the United States. According to Tesla, it only uses internal open source software to directly operate Bitcoin nodes, and the Bitcoin paid to Tesla will be retained as Bitcoin and will not be converted into legal tender.

Musk was unobtrusive. When he recently participated in hosting the veteran American entertainment variety show “Saturday Night Live”, he called Dogecoin a “scam”, and then Dogecoin plummeted by more than 30%. In fact, Musk has always been an admirer of Dogecoin. He has discussed Dogecoin on Twitter many times, and the price of Dogecoin has mostly risen with his discussion. On April 1, Musk said that Space X will bring a Dogecoin to the moon, and then Dogecoin has risen by more than 14%. In early May, Musk reposted a video titled “Musk said Dogecoin may become the future of cryptocurrency” on the Internet, and accompanied the video, stating that cryptocurrency is promising, but please invest with caution.

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