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A national survey conducted by Emerson College this month reveals the extensive use of cryptocurrencies among registered voters under 40 in the United States. The study highlights a significant generational gap in cryptocurrency engagement, emphasizing a trend where younger individuals are more likely to participate in the digital asset space compared to their older counterparts.
Cryptocurrency Usage Decreases with Age
The survey indicates that as voters age, their engagement with digital assets tends to decline. Approximately 20% of all registered voters reported investing in, trading, or utilizing cryptocurrency. Among this group, more than 60% have not made purchases with cryptocurrency, while only 39% have engaged in transactions using digital currency. Additionally, 81% of registered voters indicated that they do not use cryptocurrencies at all.
“Nearly a third of voters under 40 use cryptocurrency, and this percentage decreases with age. In the 40s, it is 28%, in the 50s it drops to 17%, in the 60s to 9%, and in the 70s, only 4% are cryptocurrency users.” – Spencer Kimball, Director of Emerson College Survey Center
Demographics of Cryptocurrency Users
Conducted with 1,000 voters, the survey has a margin of error of ±3%. Detailed demographics show that men are twice as likely as women to use cryptocurrency. While 26% of men engage with digital assets, only 13% of women report similar usage.
The survey also indicates that minority groups are more inclined to use cryptocurrency. Approximately one-third of independent voters, and two-thirds of Hispanic or Black voters, have shown interest in digital currencies, compared to 14% among white voters. These findings suggest that younger, more tech-savvy populations continue to show interest in digital assets.
The implications of these trends could significantly influence the dynamics of cryptocurrency markets. The interest of younger demographics in digital currencies may shape the future design and regulation of digital financial products.
