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Who Buys Bitcoin?

Why Buy Bitcoins
2 Minute Read

Do you know who buys Bitcoin? Do you know who really gets to play in the cryptocurrency market? What are the major characteristics of those naturally drawn to it, and to all cryptos?

American Bitcoin and Crypto Purchasers

Bitcoin has sparked a wave of collective interest in the United States since its inception. It has been the first digital currency to give life to the current crypto ecosystem. It is being recognized by some prominent American investors who regarded it as a possible alternative for the physical monetary system.

Now that institutions and governments are developing ways to meet their consumers’ growing desire for exposure, Bitcoin has become a household brand in the United States. It’s difficult to say whether this cryptocurrency will become the global reserve currency or a generally accepted store of value like gold in America.

You might be asking what the Bitcoin Investment Ratio is, given the rates at which different levels of individuals, both men, and women, buy bitcoin. Read on to find out who buys bitcoin more in America? And the average crypto purchase in America?

Who Buys Bitcoin and What’s the Average Crypto Purchase in America?

Bitcoin has become one of the safest investments available today, with many well-known companies and individuals participating. Although cryptocurrency may be already quite popular, it is more likely that this is only the beginning. Tesla and a recent Bitcoin investment by a Houston pension fund are two of the most recent large purchases made in the United States.

Many Americans have invested in Bitcoin on their own, and this time it isn’t just men who are doing so; women have also joined the bandwagon. Female interest in Bitcoin was at an all-time high earlier this month, according to Bitcoinist. Men account for more than 90% of Bitcoin purchases. And a large percentage of them, 9.34 percent, are still in high school.

Furthermore, the majority of crypto-investors in the United States are white and males, 74% males, and 71% Caucasian. While this profile corresponds to prevalent perceptions of the male-dominated technology and finance industries, the evidence suggests that cryptocurrencies may soon attract a broader audience.

The Demography of American Cryptocurrency Buyers

In America, the cryptocurrency demographics appear to be shifting. The crypto-curious are significantly more likely to be female, have a higher average age, and live in small towns or rural areas. While 14 percent of the sample owns cryptocurrency, research shows that 53 percent of those who are “crypto-curious” are women, with a quarter of those over 55 years old.

The Gemini cryptocurrency exchange released its State of U.S. Crypto Report, revealing that an “average” crypto investor is a 38-year-old American man. The report reveals a study of the crypto habits of 3,000 U.S. adults aged 18 to 65 with a household income of $40,000 or more.

Only 1.43 percent of Bitcoin users are above 65, and 77 percent are under the age of 45, with 28.33 percent being between the ages of 35 and 44. The median household income is $111,000 per year.

The crypto inquisitive group has a higher number of white Americans than the present crop of crypto owners. And crypto is still primarily owned or pursued by high-net-worth individuals in the United States. On a more positive note, the figures show that cryptocurrency is attracting a wider range of people. Women and slightly older Americans, in particular, are becoming increasingly interested in cryptocurrency.

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