PARKERSBURG, W.Va. (WTAP) – A new survey from the National Cryptocurrency Association shows that about 55 million Americans — roughly one in five — are now using cryptocurrency in their daily lives.
The study of 10,000 crypto users reveals a more diverse user base than many might expect.
According to the association’s data, one-third of crypto holders are women, and more people using cryptocurrency are over 55 than under 25.
About 40% of users hold less than $5,000 in cryptocurrency.
The survey found that cryptocurrency holders use digital assets for various purposes, including powering businesses, saving for the future, and sending money to family members.
“At its core crypto is really simple,” said NCA Spokesperson Ali Tager. It’s a digital asset that you can own, hold, use, save and invest just like you would with many other assets. The difference is there’s no middleman to control it.”
The association notes that cryptocurrency transactions are powered by blockchain technology, which functions as a permanent public ledger that cannot be edited or erased.
Users access cryptocurrency through digital wallets that come with both public keys for receiving payments and private keys that must be kept secure.
The association emphasizes that because there is no third party involved in crypto transactions, users must take extra precautions to protect their digital assets.
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