YouGov Survey: 81% of Americans Have Heard of at Least One Digital Currency

 

 

 

 

A new survey from YouGov reveals that the vast majority of Americans have at least some passing familiarity with cryptocurrency. In fact, the researchers discovered that 81 percent of those surveyed reported that they had heard of at least one digital currency.

Unsurprisingly, Bitcoin earned the lion’s share of that awareness. The most well-known digital currency in the world was recognized by three of every four American adults. Meanwhile, only 24% of U.S. adults had heard of Bitcoin Cash, and a mere 17 percent were aware of Ethereum.

40 percent of respondents who had heard of at least one type of digital currency said that they expect more widespread adoption over the coming decade:

Four in 10 (40%) Americans familiar with at least one form of cryptocurrency believe cryptocurrencies will become very or somewhat widely accepted for legal transactions before 2030. A majority (55%) of Millennials believe this, along with 41 percent of Gen X’ers and 29 percent of Baby Boomers.

The survey found the most positive reaction to cryptocurrency among the Millennial crowd, with 35 percent describing digital currencies as a good investment. 44 percent of Baby Boomers held the opposite view, describing them as a very bad investment.

The survey also found that a clear majority of those who were familiar with digital currency have no interest in seeing the United States convert to a cryptocurrency-based monetary system.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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