Study: Over 50 Million Americans Likely to Buy Crypto in the Next Year
In May 2021, The Ascent surveyed 2,000 American adults about cryptocurrency.
Key findings
Interest in cryptocurrency continues to grow: Over 51% of Americans who own cryptocurrency bought for the first time within the last 12 months. 22% of Americans that have never purchased cryptocurrency are likely to buy in the next year.
Nearly two-thirds of Americans typically sell cryptocurrency within a year of buying
Do you think people who haven't yet invested in cryptocurrency have missed the boat or are too late to make a profit? Percentage of owners/previous owners of cryptocurrency Percentage of non-owners of cryptocurrency Percentage of all respondents
Yes 52.16% 27.58% 42.62%
No 47.84% 72.42% 57.38%
Let's set
x=owners/previous owners of cryptocurrency
y=non-owners of cryptocurrency
x*52.1+y*27.6=(x+y)*42.6
9.5x=15y
because x+y=1 total american adult
get
x=61%
y=39% (this means non-owners which never buy crypto is 39% total american adult)
14% of American adults -- roughly 21 million people -- own cryptocurrency, according to a report from Gemini
why owners percent is so low, because 2/3 of them sold within a year.
and the 50M will buy is wrong
should
208*39%*20%=16M
Several points that are likely overlapping but attempting to respond to your post.
First of all, I am not sure what point we would be making in this thread to be focusing on some amorphous concept such as "crypto currency" and what the fuck that is? So what if the survey focuses on Crypto currencies.. shouldn't we be attempting to sort that shit out and trying to actually relate the words being used to this thread?
Second, sure there are likely more people who own the broader category of crypto currency than own bitcoin, even though a lot of us suspect that crypto currency owners are likely to gravitate more and more towards being also bitcoin owners, but there are a lot of doubts regarding if the crypto currency holders also hold bitcoin.. especially if the subject is not clarified.. ...
Third, if we attempt to focus specifically on bitcoin, then surely we are going to have additional troubles trying to figure out who owns bitcoin (or at least how many of the respondents own bitcoin) if
the question is asked in such an amorphous way.
Fourth, if there are various kinds of methodologies to attempt to figure out bitcoin adoption, that would be a great thing, including surveys, and not even sure if focusing on Americans would necessarily help us to figure out the more important questions regarding adoption overall, since bitcoin does not give no shits about actual national borders - even though actual national borders can surely affect the on ramps and off ramps that are available... and also national borders can also cause differing kinds of reactions and perceptions in regards to either talking about bitcoin or taking actions to accumulate or hold some bitcoin.
Fifth, surely many of us who are attempting to pay attention to the bitcoin space are actually interested in questions regarding the extent to which bitcoin adoption might be increasing, including trying to figure out how that information is being gathered to make such assessments - because in the end, there is a lot of lack of clarity in terms of really figuring out the extent to which bitcoin adoption is likely to be increasing. Surely, surveys is one method to determine adoption or intent to adopt that can supplement the looking at bitcoin addresses and even getting information from some third party BTC holders regarding their reporting on their user base.. which also might not exactly be clear or verifiable.
Sixth, there are likely many of us who become quite skeptical whenever we are seeing numbers suggesting bitcoin adoption to even be approaching double digit percentages, whether we are narrowing down such groups to technical people or people who might be more potentially aware (and capable) of adopting bitcoin or if we attempt to extrapolate that information to various publics more broadly, presuming that USA and maybe some other countries have more access to electronics and the internet.. so might be more able to get involved in finding out information about bitcoin and thereafter able to potentially adopt it by use of a smart phone, computer and/or internet connection.
Seventh, presuming retail adoption or even popular adoption is not even the same as some of our finding out about institutional and even rich person large scale accumulation of bitcoins (and even saying that they are not selling their BTC because they are holding for the longer term - whether those statements are true or not). So, surely adoption can be all over the place in terms of what we hear about adoption that might even be coming from seemingly BIGGER players and whether the conduct and statements of BIGGER players towards bitcoin (which also is not always either positive or even likely consistent to have their actions and their words aligned) are getting publicity and affecting the conduct of smaller players (aka normies, aka retail).
not statistically proven: chart buddy postings (when occurring at high frequency) seem to inhibit the number of other posts on WO.
I guess people get the info and are satisfied.
I can only speak for myself, but I don't like chart buddy and don't visit the thread as often right now, so there is as least a correlation.
You turn on the computer and see three or four chart buddys in a row and just go "oh for fucks sake", and leave.
Oh gawd...
#patheticAgain perfectly timed tweet, right before the weekend. So let's see where we land after the usual weekend dump.
Hm? "Usual"?
I did not realize that there is a "usual" in bitcoin.
I do realize that there is data to show that you fucking better be in bitcoin for the few days of the year that it pumps and those pumps can come quite unexpectedly... so in any event, if you are always pee pared for UPpity, you are likely going to turn out way richer in the long run rather than getting worried that bitcoin might end up dumping here or there.. which overall the data seems to show that it dumps way more frequently than it pumps.. and in that regard making various ongoing strategic buys (aka buying on dips) seems to be an ongoingly good strategy.. whether peeps be whining or no.**
**Largely, the whining adds up to something like this: "I am not getting richie fast enough." whine, whine, whine. Or, "I really believe in BTC -- accordingly I dumped some so I could buy back lower, but the price didn't go lower." whine, whine, whine. hahahaha Get a fucking grip, soldiers.
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