With the ever-increasing use of virtual currency and its volatility, cryptocurrencies are being adopted across the world for various transactions. Cryptocurrency derivatives trading is a new trading area that many daytime traders are interested in. Several people hold some experience and knowledge of why few Americans own cryptocurrency and how Americans choose their crypto coins. For those who do not, we will give you the basics introduction of this, so you may have a deeper understanding of it.
Why do Few Americans Own Cryptocurrency?
Based on a basic numerical analysis, fewer Americans own cryptocurrency than their Asian and European counterparts, based on statistical data, there is a range of misgivings Americans face in regards to cryptocurrency. A lot of numbers show the reasons why many Americans aren’t investing or buying cryptocurrency, broken down via gender and generation. Later, we will give you a brief introduction to this.
How Americans Choose Their Cryptocoins?
Of the roughly 8% of Americans that own cryptocurrency, there are various group formations; such groupings formed in terms of how Americans decided to buy or invest in a cryptocurrency. According to an independent study, a coin’s social media presence, and general hearsay have prompted Americans to select particular altcoins to buy in the past.
Several Numbers Help Better Understanding
54% of American crypto owners chose their cryptocurrency depending on their personal research, in which their coin was placed highest.
2.More than 2x
These crypto owners are 2X as likely to have conducted research aside from a coin’s social media presence (27.04%).
40% of crypto owners have relied on a coin’s social presence together with news reports to make their decision.
The United States Awareness of cryptocurrency Vs Europe on Cryptocurrency
The state in which crypto is currently faring in terms of ownership in the U.S. and Europe is at rates with little disparity. The percentage of the awareness of cryptocurrency in Europe and the United States also has a relative consistency, with rates contrasting by roughly 10%.
Thanks for your time, after reading this article, you may have a deeper understanding of why few Americans own cryptocurrency and how Americans choose their crypto contract. It was an honor to share the experience of cryptocurrency derivatives trading with you. For more information, please follow all of our newest articles on Bybit.
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