Cryptocurrency ownership is on the rise across the globe and in a recent survey of nearly 3000 US adults, Bitcoin remains the “overwhelming” favorite among the scores of virtual currencies that are currently available.
According to data from TradingPlatforms.com, shared with Ci, 80.7% of US crypto owners revealed they own Bitcoin (BTC), while Ethereum (ETH) is the “next most popular” with a 35.7% ownership rate (from the same survey).
The update further noted that Bitcoin came into existence in 2009 and thus helped pave the way for the larger blockchain and crypto space that has rapidly evolved into a trillion dollar market.
The update also mentioned that in its early days, crypto (as it is more colloquially known) remained “on the fringes.” However, in 2021, crypto has become “part of the mainstream,” the report claims.
In the US, a recent survey in early 2021 revealed that over 80% of 2,925 respondents owned Bitcoin while 35.7% said they own Ethereum. Dogecoin was the third “most popular” cryptocurrency found in the survey with “a 24% ownership rate while Litecoin had a 19.1% ownership rate.” Meanwhile, Bitcoin Cash “rounds out the top five most owned currencies among US adults with 16.8%.”
When this same survey was performed in the United Kingdom, the results showed the “same order but slightly different ownership rates.”
The survey report revealed
“In the UK, 70% of more than 1500 cryptocurrency owning adults indicated owning Bitcoin. The ownership rate for Ethereum was more similar for both countries with the UK registering a slightly higher 37.3% but Dogecoin ownership was much lower at just 15.5%.”
Rex Pascual from TradingPlatforms.com, stated:
“Despite awareness around cryptocurrencies reaching mainstream levels, there is still much debate about the long term viability of virtual currencies. Nevertheless, ownership levels are on the rise, and the volatile nature of crypto shown by the steep fluctuations in its value is precisely what is both attracting and repelling potential investors.”
You may check out more details on this update, here.
