Only 14% of US Adults Own Bitcoin or Other Crypto – Still Early Days?

[Churchillvv]

Firstly I used think bitcoin is not a general currency that every one will adopt or a high number of peope, my believe has always been that bitcoin is for the one percent of people and having 14% of US sdukt shows that it is still an alternative currency that is was meant to be instead of a competitive currency with fiat hence I consider this number to be even since gold and silver have close percentage too. Bitcoin ordinarily is beyond baby step stage of adoption it only means it is a currency or investment for some not all.

[Marvell1]

Firstly I used think bitcoin is not a general currency that every one will adopt or a high number of peope, my believe has always been that bitcoin is for the one percent of people and having 14% of US sdukt shows that it is still an alternative currency that is was meant to be instead of a competitive currency with fiat hence I consider this number to be even since gold and silver have close percentage too. Bitcoin ordinarily is beyond baby step stage of adoption it only means it is a currency or investment for some not all.

It is true that bitcoin was created for everyone because anyone can use it without asking permission or needing anyone's consent. But remember, not everyone needs an alternative. There is only a very small percentage of people who are dissatisfied with the traditional financial system and they need an alternative, and bitcoin is their choice. So I believe that even if it takes a few more decades or centuries, and if bitcoin will still exist. The adoption and usage rate of Bitcoin will increase, but it will be difficult to surpass traditional monetary systems.

If I remember correctly, Satoshi said it would be a better alternative, he never said it was created and could replace the traditional monetary system. So I agree with you that bitcoin is only for a few percent of the population, don't expect the entire world of 8 billion people to need and use bitcoin. Because it is just an alternative.

[EarnOnVictor]

-snip-
To be honest, I thought the US Bitcoin or crypto users would be at least above 30%, but surprisingly, just 14% of the adult total population own Do you think this is still an early stage?

You should not be surprised, 14% is still a lot. Don't forget, Bitcoin is barely 14 years old, of which a few of the early years were no-no for most investors. And for the 14% of the US population to adopt it is huge, which is way bigger than many countries' adoption. And of course, the US is a good economy country, which means that people can't be so desperate for Bitcoin investment, and they prefer stocks and other fiat/centralised investment arrangements.

Also, the more the price of Bitcoin, the less interest the Yankees will have, for the gain will not be as encouraging as before.

[kotajikikox]

To be honest, I thought the US Bitcoin or crypto users would be at least above 30%, but surprisingly, just 14% of the adult total population own Bitcoin and other cryptocurrencies. Recently Gallup’s new survey publisheddata on what percentage of US citizens own Bitcoin and other cryptocurrencies.

How much of this data will we accept? Because we do not know how accurate this is. We know that some crypto owners are hiding the fact that they are holding crypto because they are afraid that they will be in danger. We know that there have been cases of crimes where people get physically abused trying to take crypto out of them. So probably these are only those who are holding crypto in centralized platforms.

Do you think this is massive adaptation or just the beginning?

This is probably growth but this is also only the start because there will be more policies that will positively affect crypto in the US so I expect it to increase more crypto users.

[SOKO-DEKE]

~Snip

Do you think this is still an early stage?

With the data you provided about the percentage of adults who own Bitcoin, I would say it’s still in an early stage for bitcoin adoption.but looking at things like the current price of Bitcoin, I wouldn’t fully say it's still in the early stage. Instead, I would say we’re probably toward the middle of Bitcoin’s journey. I didn’t think Bitcoin’s price would increase to half of its starting price. In fact, for Bitcoin to double in value now, the amount of money that would need to come into Bitcoin investment is significant. That’s why I think we’re toward the middle of Bitcoin’s journey, but I don’t believe it’s still in the early stages.

Another thing that’s distracting many people from investing in Bitcoin is altcoins. If there were no alternative coins, the rate of Bitcoin adoption would likely be much higher, and the price may have even increased more than we expect by this time. I don’t know for sure, but the rate of people who own altcoins but not Bitcoin is really high. If those people could also own some Bitcoin, it would lead to massive adoption.

[Ishicryptic]

~Snip

Do you think this is still an early stage?

Yes, I think this is the initial stage, because as far as I know, the previous US president wasn't very pro-Bitcoin or cryptocurrency. So, with this in mind, the American public was certainly quite reluctant to invest in Bitcoin. But now that the US is back under the leadership of Donald Trump, who is arguably very pro-Bitcoin and cryptocurrency, this has re-opened the American public's perception to buying Bitcoin or other cryptocurrencies. So, I think with this in mind, the number of people owning Bitcoin in the US is essentially still in the early stages or the adaptation phase. So, next year, Bitcoin usage in the US is likely to increase rapidly. Essentially, the US government is currently very friendly towards Bitcoin and cryptocurrency. So, with this in mind, the American public will certainly be more open about owning Bitcoin or other cryptocurrencies.

Governments play a big role on how it's citizens react to cryptocurrency, if a government is pro Bitcoin it will be easier for it's citizens to adopt it rather than when the government is not Bitcoin friendly, many people will be skeptical. As you said the previous American presidents were not crypto friendly and that could be a major reason that affected Bitcoin ownerships then but now that Trump, is arguably crypto friendly I believe that the percentage of Bitcoin holders in the US will be increasing. In this regard I can say that the US Bitcoin adoption would be somewhere in it's early stage because their current president is crypto friendly compared to his predecessors.

[Swordsoffreedom]

Yes, I think this is the initial stage, because as far as I know, the previous US president wasn't very pro-Bitcoin or cryptocurrency. So, with this in mind, the American public was certainly quite reluctant to invest in Bitcoin. But now that the US is back under the leadership of Donald Trump, who is arguably very pro-Bitcoin and cryptocurrency, this has re-opened the American public's perception to buying Bitcoin or other cryptocurrencies. So, I think with this in mind, the number of people owning Bitcoin in the US is essentially still in the early stages or the adaptation phase. So, next year, Bitcoin usage in the US is likely to increase rapidly. Essentially, the US government is currently very friendly towards Bitcoin and cryptocurrency. So, with this in mind, the American public will certainly be more open about owning Bitcoin or other cryptocurrencies.

Governments play a big role on how it's citizens react to cryptocurrency, if a government is pro Bitcoin it will be easier for it's citizens to adopt it rather than when the government is not Bitcoin friendly, many people will be skeptical. As you said the previous American presidents were not crypto friendly and that could be a major reason that affected Bitcoin ownerships then but now that Trump, is arguably crypto friendly I believe that the percentage of Bitcoin holders in the US will be increasing. In this regard I can say that the US Bitcoin adoption would be somewhere in it's early stage because their current president is crypto friendly compared to his predecessors.

If you think that just because Trump is a pro Bitcoin president and because of him Americans are more confident in investing in Bitcoin and consider this as the early stages. What do you think, if bitcoin friendly policies can be removed and reversed if the new administration is not bitcoin friendly? This is very common in the US, a country with highly polarized politics that can change at any time. So what do we call that stage and is it still an early stage?


In my opinion, bitcoin adoption is no longer in its early stages and it is not up to the government, because of the development of technology and the internet today. I believe everyone in the world already knows about it but many people still haven't invested in bitcoin because of many factors like volatility, manipulation, relatively new asset, not just because of the government.


Bitcoin has not been illegal in my country for many years, but there are still many people who are not interested and want to invest in it. Some people think bitcoin is too volatile, while others think investing in bitcoin is too complicated. There are many reasons why people don't invest in bitcoin.