To help put the millennial proclivity to Bitcoin in perspective: Only 37% of people under 35 are invested in the stock market (source) — so the data point that 18% of those in the same group own Bitcoin is particularly surprising. Jun 26, · We already know that the average Bitcoin user is a millennial male, but by studying Google analytics, Coindance uncovered a few more Bitcoin demographics that you may not have been aware of. Bitcoin Demographics From Google Analytics. Dec 14, · Bitcoin, also called a mobile currency or a crypto currency, was created in by Satoshi Nakamoto, a mysterious individual or a group of people whose true identity is still unknown today.
Bitcoin demographic dataGoogle Analytics Reveal Surprising Bitcoin Demographics
The same publication claims that 42 percent of the millennials have heard about Bitcoin, while among people over 65, the number is 15 percent. Millennials sociological term used for people born between the 80s and early s, whose childhood and youth fell on the rapid development of information technologies—DeCenter love cryptocurrencies for many reasons.
First of all, the fact that the crypto industry is quite capable of modernizing capitalism, having cleared it of the tight regulation of large state and private banks. Another reason is that competent and successful investments in cryptocurrencies are quite capable of elevating a person to the top of the financial Olympus.
Therefore, among the millennials, cryptocurrencies have become the most frequently chosen investment, says LendEDU, an on-line marketplace for financial products. Interestingly, Bitcoin remains the most common choice among all ages and genders. It is followed by Ether and Litecoin.
The survey results almost completely reflect the market capitalization of each of the coins. The only exception is Ripple. According to data from Bitinfo and Glassnode , the number of people transacting daily has been on a steady rise since January , going from an average of kk to around one million per day. From that, we can assume that three percent of the near 32 million non-zero balance wallets transact bitcoin every day, indicating that HODLing and speculating on the price is the most popular use of bitcoin.
America has become one of the most popular destinations for digital currency adoption despite ongoing battles with regulators. One survey suggests that approximately 11 percent of Americans own bitcoin, meaning that some 30 million bitcoin owners are based in the States.
The most popular bitcoin wallet provider and cryptocurrency exchange, Coinbase, claims to have over 35 million verified users across over countries. This is a stark increase from the 13 million users registered with the exchange in Whilst this figure certainly falls in line with the numbers mentioned above, it can be safely assumed that many of these accounts are no longer active.
The survey also highlights the presence of bitcoin in emerging markets, with a staggering 32 percent of respondents coming from Nigeria. Above the U. With the ubiquity of smartphone technology and wireless networks, people across the world lacking in banking infrastructure or are wrestling with economic collapse, are beginning to use bitcoin as an alternative.
Given that there is a somewhat limited and conflicting nature of data found throughout this article, it is safe to assume that there are far more bitcoin users out there than previously thought.
Said differently, among those aged 18— Nearly 1 in 3 prefers Bitcoin to government bonds, more than 1 in 4 prefers Bitcoin to stocks, nearly 1 in 4 prefers Bitcoin to real estate and more than 1 in 5 prefers Bitcoin to gold.
Ultimately, Bitcoin is a demographic mega-trend: Younger demographics are leading in terms of Bitcoin awareness, familiarity, perception, conviction, propensity to purchase, and ownership rates.
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