75 Percent of Americans Are Familiar with Bitcoin: YouGov Study

Libra Coin News
Tue, 09/24/2019 - 18:36
Alex Dovbnya
YouGov study shows that 80 percent of Americans have heard about cryptocurrency
Cover image via U.Today
Contents

According to a recent study conducted by international data analytics company YouGov, cryptocurrency awareness is spreading like wildfire in the US.

Their data shows that at least one cryptocurrency is known by eight out of ten Americans, which would be unfathomable just a few years ago.

Related
More Than Half of Top 50 Universities Now Offer Cryptocurrency-Related Courses: Coinbase Report

Bitcoin leads the pack

Unsurprisingly, Bitcoin is the most popular cryptocurrency with 75 percent of US adults being aware of its existence. Bitcoin Cash and Ethereum come in second and third places with 24 percent and 17 percent respectively.

Image by today.yougov.com

Related
Binance.US Announces Five New Cryptocurrencies That Will Soon Be Available for Trading 

The US dollar will stay

40 percent of those respondents who are familiar with the concept of crypto are certain that digital assets will see mainstream adoption before 2030.

However, most of the crypto-savvy Americans (56 percent) are not here for Bitcoin replacing the US dollar.

Related
Fundstrat’s Tom Lee Reiterates His $20,000 Bitcoin Price Prediction as Fed Cuts Interest Rates

Millennials drive innovations

Another completely expected revelation is that millennials are the most crypto-friendly demo. For instance, 55 five percent of them believe that crypto will see mainstream acceptance compared to 29 percent of Baby Boomers.

Moreover, millennials are more likely to actually buy cryptocurrencies with 35 percent considering crypto to be a good investment option.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.