According to a survey by ChainPlay and Storible, over two-thirds of Americans currently own cryptocurrency.

A recent survey conducted by ChainPlay and Storible indicates that nearly 70% of Americans now possess cryptocurrency, signifying a significant advancement for digital assets in the United States. The survey included 1,428 participants, revealing that cryptocurrency is increasingly becoming a popular investment choice across various age groups.

Over 50% of Americans sold gold and stocks to buy Bitcoin, survey shows - 1
Chainplay’s survey on cryptocurrency ownership in the U.S. | Source: Chainplay

Political events are influencing this trend as well. The victory of Donald Trump prompted nearly 40% of Americans to invest more in cryptocurrency. Notably, 84% of these individuals were first-time investors, demonstrating how significant events can ignite fresh interest in digital currencies.

Additionally, many Americans are restructuring their investment portfolios to accommodate cryptocurrency. More than half (52%) reported selling stocks or gold to purchase Bitcoin (BTC), with 20% investing over 30% of their total assets in cryptocurrency. This indicates a strong commitment to the future of digital currencies.

“Projecting into the future, our survey shows a prevailing sense of optimism within the crypto market. A significant portion (60%) of investors anticipate doubling their holdings by 2025, reflecting a strong belief in the ongoing growth of digital currencies.”

Chainplay

Younger generations are at the forefront of cryptocurrency adoption. Generation Z typically begins investing at an average age of 22, Millennials at age 29, whereas Baby Boomers tend to start later, around 50.

Nonetheless, the increase in cryptocurrency ownership carries inherent risks. The FBI reports a surge in crypto-related scams, with Americans having lost over $5.6 billion to scams in 2023, marking a 45% increase from the previous year. The FBI has received over 69,000 complaints regarding crypto fraud, with investment scams accounting for 71% of the total losses, approximately $3.96 billion.