Polls are done every month with representative samples of 2,200 or 4,400 US adults, with margins of error of +/-1 or +/-2 percentage points. In this case, Morning Consult is the source.
Crypto ownership is on the rise, but investors are not giving up traditional financial services because they are becoming more interested in cryptoassets. Crypto investors, on the other hand, are more likely to use more than one financial service provider than the general population, according to a report from global business intelligence firm Morning Consult.
The report, which focuses on consumer banking and payments, was based on interviews with more than 50,000 people from the Americas, Europe, and the Asia-Pacific region. It shows that crypto is becoming more mainstream.
It also tells people to be ready for a crypto boom in 2022.
Some 24 percent of people who took the company’s global survey said that they owned crypto at home, which is up 2 percentage points from last July.
“Latin American countries still have among the highest rates of cryptocurrency ownership, but European nations Germany, Spain and the UK have grown significantly in the past six months,” Morning Consult said.
Bitcoin (BTCprice)’s dropped and the media covered it a lot in July 2021, which caused a lot of people to start owning crypto, the report said.
According to the report, millennial men and people in Generation Z are still the most common people who move in.
“Demographically, the new crypto owners looked very similar to those who already owned crypto: They were mostly high-earning, millennial men,” the study says. “Gen Z adults have also shown strong growth in cryptocurrency ownership and will continue to be instrumental to the success of cryptocurrency more broadly.”
Baby boomers, on the other hand, aren’t interested in cryptoassets at all, according to data from a survey. Crypto ownership ranges from 6% to 8%.
Crypto owners, on the other hand, were far more likely to be customers of two banks than the rest of the 2,200 people who were polled between December 23 and 25, 2021. At 34%, they were more likely than the rest of the 2,200 people to be customers of two banks.
Some 13 percent of them were customers of three or more banks. That’s more than the general population, who was only 8 percent customers of three or more banks, says the study.
In the credit cards field, there is a lot of the same thing going on. Some 30% of people who own crypto say they use two of these companies, while 22% of people in the United States say the same thing.
More than a third of crypto investors have accounts with three or more companies, but only 19 percent of the general public has the same thing.
Cryptocurrency users are much more likely to use two credit unions than the general public, who use them only 8% of the time.
25 percent of people who own crypto use two digital banks, compared to 11 percent of people in the United States as a whole.
7 percent of crypto owners are customers of three or more digital banks, according to data from a report. Only 3 percent of the general public said the same thing, according to the report.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.