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CRYPTOCURRENCY

Adoption of Cryptocurrency in the USA

At the end of 2020, Bitcoin witnessed the value of all-time highs and is staying there.

Bloomberg has additionally mentioned that an incredible number of investment banks have eaten up bitcoin as quickly as possible

and the rundown of very rich people and other remarkable tech figures to support the US-based crypto exchanges has grown recently.

If we go a year back (2020), before the outbreak of the pandemic, only 55% of Americans owned stocks with just 6% owning Bitcoin.

Further, 68% of them said that they don’t intend to buy crypto in the USA in the future.

There are so many reasons backing these statistics – false and sketchy news of the general American perception towards crypto, lack of knowledge of crypto, etc.

However, if we fast forward to 2021, according to a new survey by Satoshilabs, 46% of Americans say that they own cryptos with almost 95% of them believing

that crypto exchanges in the USA are a real currency solution. Now, that’s some real growth of cryptocurrencies in the USA.

We can give credit to the Covi-19 pandemic that urged Americans to invest in cryptocurrencies.

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