admin
According to a new NBC News poll, an average of 1 in 5 American adults has invested, traded, or used cryptocurrency.
Specifically, half of men between the ages of 18 and 49 reported being involved in crypto, the highest percentage of all demographic groups. About 40% of black Americans say they have traded or used cryptocurrency, and 42% of all 18- to 34-year-olds say the same. Overall, of the 1,000 Americans without age division surveyed, 21% said they have used or invested in cryptocurrencies at least once.
The above result is an indication of how quickly the relatively nascent crypto industry has grown in recent years. It continues to become more and more popular, even as lawmakers warn of market risks and efforts to regulate the industry, introduce new rules for the market.
Cryptocurrency advocates say assets like Bitcoin, Ethereum and stablecoins, digital assets that closely follow the price of fiat money, offer better transaction speeds and lower costs. In addition, there are guarantees of privacy, security and the opportunity to provide financial services to “underbanked” communities, groups of individuals or families that have a bank account, but often rely on financial services. alternative to using traditional financial services.
According to US Securities and Exchange Commission (SEC) Chairman Gary Gensler, without a major legislative effort, the crypto market would be “wild”. That may be why only 19% of those polled by NBC News view cryptocurrency positively, and 25% said they view it negatively. The majority, around 56%, feel neutral or uncertain about the crypto industry.
However, the cryptocurrency market has grown so large so far that US President Joe Biden earlier this month signed an executive order directing relevant government agencies to study the risks and benefits. of electronic money.
While voicing concerns about the potential for fraud and the funding of illegal activities, the Washington administration has also made it clear that the US has a geopolitical interest in developing the infrastructure to monitor cryptocurrencies. . Both Republicans and Democrats now acknowledge the potential benefits of the now trillion-dollar cryptocurrency market, but many warn that the lack of federal oversight will leave users vulnerable. scam and cause dangerous price fluctuations. Even Bitcoin, one of the world’s most popular cryptocurrencies, is not immune to price fluctuations. It has lost about 20% of its value in the past year.
