America Wants to buy Bitcoin 20% adults own it, while 29% willing to buy!

[Synchronice]

Mathematically, it's enough to randomly survey 1000 people to get an accurate representation of the entire population's opinion.
Sample size has formula but you can easily calculate it immediately here: https://www.calculator.net/sample-size-calculator.html

Mathematically, it works in principle, but the problem is how such surveys are carried out in practice. I only know that such surveys are quite misused not only for PR company purposes, but also for political purposes, especially in the time before the parliamentary elections. If someone says that the error is less than 3%, and you have multiple examples where it is close to 10%, then it is clear to you that someone is manipulating the data, that is, that they are either very biased, or they are inventing the data in favor of someone who pays them for it.

For years we have been bombarded with surveys like this, and we know that they have nothing to do with reality - whether it is the US, India or another country.

Sometimes I think that even if it was real, either they choose locations terribly and weren't randomly picking people or people are very dishonest about their answers and are just playing, have fun by filling surveys with wrong answers.
But maybe these surveys don't carry actual data? Maybe it's just done for clickbait and promotion and doesn't carry real value. What will gain more attention and popularity, a survey that states that 2% of USA population is going to invest in bitcoin or 20% of USA population plans to invest in bitcoin? Definitely the second one will create more hype for crypto exchange, that's why their surveys look like that. I don't think that math is a wrong science

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1715012933

[ilovealtcoins]

I agree with everyone's opinion, the survey results are not accurate but we have to admit one thing. Bitcoin and cryptocurrencies are going strong and being accepted by more people. With just one more bull season or a few more years, the percentage of people investing in bitcoin will likely be higher than the results of this survey.

[Captain Corporate]

If this stat is not skewed and actually true, then I am guessing that its going to be something quite entertaining to watch in the future. Imagine having around 100 million Americans investing into bitcoin, that should be something that would benefit us all at the same time, its not really a single thing, but its going to be a decent addition to the whole thing. Of course we need a global contribution and we can't expect just Americans to make the price go up, but if they jump in this much, a whole %29 all got in together? That would be pretty good to watch without a doubt and could be very profitable in the long run.

[thecodebear]

Yeah there's no way 20% of adults in the US have Bitcoin. It is still very rare. There are lots of noobs in the market who don't have any Bitcoin and just have random alts and even if you count all them (people who have any crypto) it still would be nowhere near 20%. Also, whatever the actual number is, many people are just dabbling in it, like of the few people I know that have any sort of crypto some just bought $50 or $100 or something of Bitcoin just to test it out. Even if you count people who at some point has Bitcoin or any other crypto, because some people buy during a bull market and sell in bear market or actually sell for a profit during bull market but never got back in afterwards yet, it still wouldn't be near 20%.


Maybe 20% of male tech workers in a big tech city own crypto (not just bitcoin), but the idea that 20% of all US adults own specifically Bitcoin is obviously wrong by an order or magnitude. I don't know how they set up their sample to get these results but there is no way it is remotely accurate.





Just think, if 20% of US adults owned Bitcoin, Bitcoin would be taken MUCH MUCH more seriously in the US. The population would be making Bitcoin and crypto a political issue and there would be a lot of political pressure to stop the SEC from taking negative actions against crypto and also for congress to start making positive laws to promote and safeguard bitcoin usage. But because it's actually probably more like 1-2% that own Bitcon and maybe 3-4% that own any crypto, and probably half of those people only have a little bit, we don't see any of that happening.

[Haunebu]

This isn't something new op. Almost every crypto investor is aware of this fact since ages frankly speaking. One of the best things about Americans is their willingness to try new things in a creative manner.

They love tech which is why they established good relations with countries like Japan etc despite all the bad history between them. This is why many of them truly believe that Satoshi is Japanese.

However, I don't like how their government is trying to regulate and control every aspect of the crypto world.

[Lucius]

~snip~

This is about endless possibilities of manipulation, and in fact you don't need any data to justify the results you present to the public - because the respondents are of course anonymous. That's why all such surveys should be taken with a grain of salt.

~snip~
Just think, if 20% of US adults owned Bitcoin, Bitcoin would be taken MUCH MUCH more seriously in the US. The population would be making Bitcoin and crypto a political issue and there would be a lot of political pressure to stop the SEC from taking negative actions against crypto and also for congress to start making positive laws to promote and safeguard bitcoin usage. But because it's actually probably more like 1-2% that own Bitcon and maybe 3-4% that own any crypto, and probably half of those people only have a little bit, we don't see any of that happening.

From what I see from the US media, I conclude that the average American has a pretty good idea about Bitcoin, because it is actually an everyday topic for them. It's not just the media, but also the fact that the US has about 90% of all crypto ATMs, that it has large CEX and companies like MicroStrategy or Grayscale, and that all this plays a big role for potential investors.

When you look at things from that angle, it doesn't look like the situation regarding Bitcoin in the US is that bad, except maybe when it comes to taxes - but in general, it all depends on how each federal state takes its stance on the matter.

[Casdinyard]

I am assuming the study was done based on ratio system where they took some number of participants and then factored it to give proper estimates. I am really not sure if we should believe these numbers or not but the study is really positive about Americans loving the Bitcoin.

The number of participants in the group were around 2,202 and study conducted based on the weightage of various factors of US based age group, education system, region etc.

Now this study translated the numbers to approximately 52.3 million Americans adult owning crypto while 75.5 million Americans are willing to buy the crypto in next 12 months.

I not sure if such study is viable or not but going further they also stated that overall 76% people from the American Soil think that Crypto and Blockchain is the future. Considering the fact that they already think current financial system need major changes and also upgrades, they would prefer crypto as their next big thing.

A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. “The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution,” Coinbase said.

Crypto Survey Commissioned by Coinbase
A nationwide survey of 2,202 participants from the general population was conducted by Morning Consult from Feb. 10-14. “The data were weighted to be representative of U.S. adults based on age, race/ethnicity, gender, educational attainment, and region,” the market research firm described. “The purpose of this study was to examine perceptions of the global financial system and how U.S. adults and cryptocurrency investors view the future of the crypto market and exchanges.”

Citing the survey results, the Nasdaq-listed cryptocurrency exchange Coinbase, which commissioned the study, commented:

The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution.

Noting that “80% of Americans think the global financial system unfairly favors powerful interests” and “67% of Americans agree that the financial system needs major changes or a complete overhaul,” Coinbase wrote:

The survey found that 80% of respondents believe the current financial system is unfair, with the overwhelming majority expressing frustration with the current financial system and a hunger for change.

The crypto exchange added that the survey further “indicates that most Americans remain optimistic about the future of crypto and understand its potential to be part of the solution to bring about meaningful change to the financial system that would benefit society as a whole.”

Coinbase Survey: 20% of US Adults Currently Own Crypto

If I'm not mistaken America stands today as the de facto leading country in blockchain and cryptocurrency adoption, so it comes to no surprise that when such survey was made a lot of people are into the idea of owning bitcoins, because that's where everything starts, wanting to own a couple bitcoins/crypto. Although I think a couple of factors make this research a little less reliable. In any case, still great to think that America hasn't changed its mind since time immemorial in the early days of bitcoin when you can pay pizza and albums with bitcoins.

This isn't something new op. Almost every crypto investor is aware of this fact since ages frankly speaking. One of the best things about Americans is their willingness to try new things in a creative manner.

They love tech which is why they established good relations with countries like Japan etc despite all the bad history between them. This is why many of them truly believe that Satoshi is Japanese.

However, I don't like how their government is trying to regulate and control every aspect of the crypto world.

Exactly. I'm not sure if it's the capitalist in them, but the fact remains that bitcoin is well-received in the country despite US government's efforts to paint it in a bad light, not that bitcoin doesn't come with its own flaws.