US Cryptocurrency users mostly young males; XRP, Ethereum users most educated: Survey

NEW DELHI: The world of cryptocurrencies is very dynamic. Research paper ‘Distrust or Speculation? The socioeconomic drivers of US cryptocurrency investments’, published in July 2021 reveals many useful findings about the sociodemographics of cryptocurrency usage in the US.

The research conducted by Raphael Auer of the Bank of International Settlements (BIS) and David-Tercero Lucas of the Autonomous University underscored following important conclusions in the American context:

* The research found that men have a higher propensity to invest in cryptocurrency than women. A gender gap was seen in terms of cryptocurrency ownership.