I am assuming the study was done based on ratio system where they took some number of participants and then factored it to give proper estimates. I am really not sure if we should believe these numbers or not but the study is really positive about Americans loving the Bitcoin.
The number of participants in the group were around 2,202 and study conducted based on the weightage of various factors of US based age group, education system, region etc.
Now this study translated the numbers to approximately 52.3 million Americans adult owning crypto while 75.5 million Americans are willing to buy the crypto in next 12 months.
I not sure if such study is viable or not but going further they also stated that overall 76% people from the American Soil think that Crypto and Blockchain is the future. Considering the fact that they already think current financial system need major changes and also upgrades, they would prefer crypto as their next big thing.
A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution, Coinbase said.
Crypto Survey Commissioned by Coinbase
A nationwide survey of 2,202 participants from the general population was conducted by Morning Consult from Feb. 10-14. The data were weighted to be representative of U.S. adults based on age, race/ethnicity, gender, educational attainment, and region, the market research firm described. The purpose of this study was to examine perceptions of the global financial system and how U.S. adults and cryptocurrency investors view the future of the crypto market and exchanges.
Citing the survey results, the Nasdaq-listed cryptocurrency exchange Coinbase, which commissioned the study, commented:
The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution.
Noting that 80% of Americans think the global financial system unfairly favors powerful interests and 67% of Americans agree that the financial system needs major changes or a complete overhaul, Coinbase wrote:
The survey found that 80% of respondents believe the current financial system is unfair, with the overwhelming majority expressing frustration with the current financial system and a hunger for change.
The crypto exchange added that the survey further indicates that most Americans remain optimistic about the future of crypto and understand its potential to be part of the solution to bring about meaningful change to the financial system that would benefit society as a whole.
Coinbase Survey: 20% of US Adults Currently Own Crypto If I'm not mistaken America stands today as the de facto leading country in blockchain and cryptocurrency adoption, so it comes to no surprise that when such survey was made a lot of people are into the idea of owning bitcoins, because that's where everything starts, wanting to own a couple bitcoins/crypto. Although I think a couple of factors make this research a little less reliable. In any case, still great to think that America hasn't changed its mind since time immemorial in the early days of bitcoin when you can pay pizza and albums with bitcoins.
This isn't something new op. Almost every crypto investor is aware of this fact since ages frankly speaking. One of the best things about Americans is their willingness to try new things in a creative manner.
They love tech which is why they established good relations with countries like Japan etc despite all the bad history between them. This is why many of them truly believe that Satoshi is Japanese.
However, I don't like how their government is trying to regulate and control every aspect of the crypto world.
Exactly. I'm not sure if it's the capitalist in them, but the fact remains that bitcoin is well-received in the country despite US government's efforts to paint it in a bad light, not that bitcoin doesn't come with its own flaws.
