in the U.S., the number of cryptocurrency owners doubled in 2019

Finder, an Australian financial company, conducted a study according to which the number of Americans owning cryptocurrencies doubled in 2019.

As part of the study, 2,068 Americans were interviewed and it turned out that if last year 7.95% of US citizens owned cryptocurrencies, then in 2019 their number increased to 14.4%. The average amount of their accumulations in cryptocurrencies is $ 5,447, but the median is only $ 360. That is, three quarters of Americans own cryptocurrencies worth less than $ 360.

At the same time, more than half of US citizens who own cryptocurrencies store not one, but several different digital currencies at once. In addition, men are much more likely to invest in digital assets – 19% of the men surveyed reported that they invested in cryptocurrencies. Among women, this figure is 10%.

More than half of the respondents (61%) said they bought cryptocurrencies for investment purposes. About a third of respondents (29.3%) bought cryptocurrencies to use them for transactions and purchases, and another 25.6% of Americans invested in digital assets in order to store their savings outside the traditional financial system.

Read This Now: French Central Bank calls for standardization of cryptocurrency regulation

Finder experts noted that most Americans are scared away by the difficulty of buying cryptocurrencies. 47.9% of respondents believe that dealing with cryptocurrencies is “too difficult.” Almost as many respondents (45%) are simply not interested in cryptocurrencies, and 23% of US citizens consider them too risky for investment.

Recall that a recent study conducted by the Chinese news agency PANews showed that 8% of Chinese students own cryptocurrencies and more than 25% would like to work in the blockchain industry after graduation.