By Kevin Mwanza
The number of Americans owning cryptocurrencies nearly doubled in 2019 compared to 2018, according to a survey by Australia-based financial services firm Finder.
The survey of 2,068 people showed that about 14.4 percent own one or more forms of cryptocurrency this year compared to around 7.9 percent in 2018. If the sample was representative of the entire U.S. population, 36.5 million Americans would own some form of crypto.
Cryptocurrencies grew in popularity
The average holding stood at $5,447 although three-quarters of the respondents actually held less than that, with a median of just $360.
Most of the people surveyed said that investment was the main reason for buying cryptocurrency. Nearly two-thirds of the respondents claimed to own digital currencies as an investment while the rest said it was for transactional purposes.
Listen to GHOGH with Jamarlin Martin | Episode 68: Jamarlin Martin
Jamarlin talks about the recent backlash Click here to read entire article