80% of White Respondents Are Aware of Bitcoin Compared to 66% of Hispanics and 61% of Black Respondents, New Study by SimpleMoneyLyfe

The awareness of the cryptocurrency market varies by ethnicity and gender, according to new survey results and public databases.

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SimpleMoneyLyfe

Jan 25, 2021, 09:21 ET

WASHINGTON, Jan. 25, 2021 /PRNewswire/ -- The research, which analyzed exclusive survey results and public databases, also discovered that males are more aware of Bitcoin than females, and 67% of Millennials favor Bitcoin over gold.

The data encompasses results from November 2019 to January 2021 - making it the most comprehensive cryptocurrency study to date. Moreover, our data hits on topics that resonate with consumers, academia, and the private industry. The results shed light on a new narrative that has not been covered - one that reveals rampant disparity.

This SimpleMoneyLyfe Study also analyzed several other factors related to cryptocurrency and the broader blockchain industry.

Here is a quick snapshot of what our industry-leading research reveals:

Cryptocurrency Criminal Activity: Just 0.34% of Crypto's Transaction Volume was Used for Criminal Activity. This equates to roughly 10 billion dollars.

Bitcoin Hoarders are Prevalent: 2% of Crypto Wallets Control 95% of all Bitcoin. This includes numerous governments, financial institutions, and early Bitcoin investors/miners.

Male vs Female Bitcoin Awareness: According to another survey, 78% of male survey respondents reported being aware of Bitcoin, while only 71% of females were aware of this particular digital asset (18+ or Older).

Massive Blockchain Investments: As blockchain is accepted and utilized across different industries, the U.S. is poised to remain at the forefront of innovation. It is projected to spend $4.2 billion on blockchain solutions.

Complete Study Results: https://simplemoneylyfe.com/cryptocurrency-statistics

Simplemoneylyfe.com is a leading financial website that covers the blockchain, financial, and credit industries. We simplify complex financial topics into digestible (action-oriented) information.

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SOURCE SimpleMoneyLyfe