A poll by CNBC and AI-powered research firm Momentive found that 11% of Americans now own crypto.
The number of American cryptocurrency investors doubled in the past year, according to a new survey.
“Exactly half of cryptocurrency investors started investing within the last year,” it said.
That breaks out differently when gender is taken into account. Men were more likely to be cryptocurrency investors, at 16%, than women. Only 7% of female respondents to the survey have invested in digital assets.
Young investors were also more likely to buy cryptocurrency, with 15% of those 18-34 invested, compared to 4% of those 65 and older.
The survey polled 5,530 Americans weighted to be representative of the overall population between Aug. 4 and Aug. 11.
The survey also found that newer investors — those who first bought Bitcoin or other cryptocurrencies in 2019 or later — are more confident in their investments than older investors who got into crypto before it went mainstream. The newer group is 50% more likely to predict that Bitcoin’s price will continue to rise.
While only 9% of investors said they had ever borrowed money to make investments, almost one quarter (24%) of that group used those funds to invest in cryptocurrency.
Momentive also found that the pandemic had an impact on cryptocurrency investment: 5% said they had invested at least some of their government stimulus payments in digital assets.