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Topic: [2018-03-20]Survey Says 8% of the American Population Now Own Cryptocurrency (Read 139 times)

legendary
Activity: 1302
Merit: 1007
What is not reported is this:

Quote
This research is from a survey of 2,001 US adults commissioned by finder.com and conducted by Pureprofile in February 2018.

The survey is a paid online survey. The people that participate are not representative of the "American population". People doing online surveys are much more likely to own cryptocurrencies than the average American.

It is very important to keep this in mind when explaining the context of the results. Furthermore, by taking a look at the actual website, finder.com, it seems as if it has a big emphasis on money and finance, given how the default page itself is tabbed under "money" and includes items such as "credit cards, loans, mortgages, money transfers, banking and investments, etc." Cryptocurrency itself is a section of the page, which would mean that there is a very big bias in the result, as people who browse sites such as this one tend to already be familiar with money and crypto concepts, which would make them even more likely to be owners of such. From what I can tell, there were no other sources, as the graphs are also from that source, so there doesn't seem to be anything to reconcile this.
legendary
Activity: 4522
Merit: 3426
What is not reported is this:

Quote
This research is from a survey of 2,001 US adults commissioned by finder.com and conducted by Pureprofile in February 2018.

The survey is a paid online survey. The people that participate are not representative of the "American population". People doing online surveys are much more likely to own cryptocurrencies than the average American.
hero member
Activity: 994
Merit: 515
Get'em boys
A new survey of Americans has discovered that the cryptocurrency community still has a long way to go to in order to simplify the technology or to reach out and educate more people in the United States, especially among women and older folks.
Today’s Bitcoin Buyers Are Still Early Adopters
Personal finance comparisons portal Finder recently commissioned a survey of 2,001 American adults to help map out the cryptocurrency landscape in the US. It found that 7.95% of the population has invested in a cryptocurrency, leaving much room for adoption to grow among the vast majority of Americans. And among the 92.05% of didn’t buy any cryptocurrency, 7.76% do plan to purchase some in the future.

As for the reasons people didn’t invest in cryptocurrency, 35.02% fear that the risk is too high, 27.04% find it too difficult to understand, 17.97% say it’s a scam, 16.12% are waiting for the “bubble” to burst, 11.40% find it too difficult to use, and lastly 5.75% think that there are too many fees. Just 40.01% say they are not interested or they think there’s no need for them.

read more https://news.bitcoin.com/survey-says-8-of-the-american-population-now-own-cryptocurrency
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