Millennials leading the Crypto Craze
As of today, the global crypto market cap stands at $2.32 trillion, according to CoinMarketCap, and the United States market is spearheading the charge.
According to the data presented by Stock Apps, ‘Millennial males’ is the demographic leading the crypto revolution in the US.
US Males
According to the latest survey, conducted by Morning Consult, 15% of US adults have a ‘very favorable’ opinion of cryptocurrency and 17% have a ‘somewhat favorable’ opinion. On the other hand, 10% have a ‘somewhat unfavorable’ opinion, and 11% have a ‘very unfavorable’ opinion.
When it comes to genders, US males are more interested than their female counterparts. Only 8% and 14% of US females have ‘very favorable’ and ‘somewhat favorable’ opinions of cryptocurrency respectively. In comparison, 23% of US males have a ‘very favorable’ view and 20% of them have a ‘somewhat favorable’ view of cryptocurrencies.
When it comes to unfavorable opinions, both genders seem to register similar numbers. However, the largest gap between the two is visible in the ‘Heard of, No Opinion’ option in the survey. Only 27% of US males have picked this option, but an overwhelming 45% of US females have no opinion about cryptocurrencies despite being aware of them.
Millennials Crypto Craze
This survey also claims that the millennials are the most enthusiastic age group about cryptocurrency in the US. 28% and 22% of US millennials are ‘very favorable’ and ‘somewhat favorable’ about cryptocurrencies, respectively. Both categories account for 50% of millennials together.
GenZers are the second-most enthusiastic age group about cryptocurrencies. 20% of them have a ‘very favorable’ opinion and 21% have a ‘somewhat favorable’ opinion. Surprisingly, only 3% of GenZers have a ‘very unfavorable’ opinion as opposed to 7% of millennials. However, GenZers seem to be more indecisive or unaware of cryptocurrencies than millennials. 34% of them have no opinion about the crypto market but only 26% of millennials share the same view. Furthermore, 12% of GenZers have never heard of cryptocurrencies, but only 7% of millennials have picked the same option.
For the detailed report, please have a look: CRYPTO CRAZE