Surprising Insights: Who Really Owns Bitcoin in America?

A recent study by the Nakamoto Institute offers a fresh perspective on who holds Bitcoin in the United States, upending several common assumptions about cryptocurrency investors.

The research, directed by Troy Cross and Andrew Perkins, surveyed over 3,500 American adults to understand the demographic and political profile of Bitcoin owners.

The findings challenge the stereotype that Bitcoin enthusiasts are predominantly right-leaning or libertarian.

Contrary to this view, the study found that Bitcoin owners represent a broad spectrum of political beliefs, including those who are very liberal.

“We discovered that Bitcoin ownership spans various political orientations, not just those on the right,” noted Cross. This broad political diversity was unexpected, as many believed Bitcoin was mostly favored by conservative or libertarian individuals.

The study also found that Bitcoin owners are generally younger and predominantly male, but political and moral values do not strongly influence ownership.

Instead, the research highlights that what matters most is an individual’s knowledge about Bitcoin and their perception of its usefulness and trustworthiness. “The key factors linked to Bitcoin ownership are understanding the cryptocurrency and having a positive view of its utility,” Cross explained.

Overall, the research indicates that Bitcoin owners are not confined to any specific political or demographic group but are defined by their informed and favorable attitude towards the cryptocurrency.