1 in 10 Americans Invested in Crypto This Year, and Here is How They Vary From Stock Market Investors

June 23, 2021

bitcoins

The stock market offers a wider range of products than the crypto market, but when it comes to the people who invest in them, the reverse is true.

According to a report based on a poll of more than 1,000 people published Thursday by researchers at the University of Chicago, 13% of Americans have acquired or sold a cryptocurrency such as bitcoin, ether, or dogecoin in the past year. According to the report conducted between June 24 and June 28, 41 percent of these investors are women, 44 percent are persons of color, 35 percent make less than $60,000 a year, and 45 percent have a college education.

Meanwhile, within the same one-year period, 24% of Americans bought or sold stocks. 38 percent of these investors are women, 35 percent are racial minorities, 27 percent make less than $60,000 per year, and 51 percent have a college diploma.

In addition, crypto investors are younger than stock market investors, with an average age of 38 compared to 47 for stock market investors.

“Cryptocurrencies are opening up investing opportunities for more diverse investors, which is a very good thing,” said Angela Fontes, a vice president in the economics, justice and society department at the National Opinion Research Center at the University of Chicago.

“It will be important that these investors have access to sound information as they make decisions related to these often more volatile investments,” she added.

Crypto investors are 38 years old on average, compared to 47 for stock market investors

Case in point: Bitcoin BTC/USD, 0.49 percent, the most traded cryptocurrency, has gone from about $36,000 to below $30,000 in the last month, a 20 percent drop. Bitcoin was hovering around $60,000 two months ago. While the Dow Jones Industrial Average DJIA, +0.07% fell from a one-month high of over 35,000 to a one-month low of roughly 34,000, a drop of around 3%.

Investors are becoming increasingly concerned about the spread of the COVID-19 delta variant and rising tensions between China and the United States, therefore cryptocurrency is trading lower. Furthermore, the Chinese government continues to impose restrictions on cryptocurrency trade. It was banned from being offered to customers by banks and other financial third parties in May.

“Recently, cryptocurrency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order,” three Chinese financial regulatory branches said in a joint statement obtained by Reuters.

The majority of crypto investors rely on information found on crypto trading platforms like Coinbase, general trading platforms like Fidelity or Robinhood, as well as social media. According to the University of Chicago survey, only 2% of crypto investors seek advice from a broker or financial consultant.

Subscribe Our Newsletter

A Growing Possibility of Fed Rate Cuts for 2024

Nato

Fed Rate Cuts for 2024: Anticipation Builds as Fed Signals Potential Rate Reduction

The Federal Reserve hints at potential Fed rate cuts for 2024, with officials showing a division over the timing and necessity of such measures.

Evergrande Collapse Could Affect Chinese Property Sector
Evergrande Collapse Could Have a ‘Domino Effect’ on China’s Property Sector

China's "extremely distressed" real estate companies are in danger of collapsing, according to AllianceBernstein's Jenny Zeng, as the country's massively indebted developer Evergrande is on the verge of default.

Banks and Finance
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Alexander

What are Crypto Hedge Funds? Which Companies Are the Most Influential in the Crypto Market?
Crypto hedge funds are specialised companies focused on generating high returns through various strategies in the digital assets and blockchain space.

discover
Custodial vs. Non-Custodial Wallets

Anna

What’s The Difference Between Custodial vs. Non-Custodial Wallets

Explore how custodial and non-custodial crypto wallets differ and how to choose the one that suits your goals and preferences.

Crypto Payments
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.