Consumer motivation for owning cryptocurrency in the U.S. and Great Britain 2021

Published by Statista Research Department, May 29, 2024
Consumers from both the U.S. as well as Great Britain mentioned that supporting blockchain developments were not a major motivation to own cryptocurrency. Rather, the survey respondents were more motivated by growth prospects or to own digital currencies just for the fun of it. Plenty of cryptocurrencies witnessed significant price increase in 2021, with Bitcoin (BTC) naturally the coin that hit the news the most. The price of Ethereum (ETH) and the price of another popular cryptocurrency called Ripple (XRP), however, also grew substantially over the course of this time period.

Which of the following are reasons for you owning cryptocurrency?

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Release date

May 2021

Region

United States, United Kingdom (Great Britain)

Survey time period

March 2021

Number of respondents

4,514 respondents*

Age group

18 years and older

Special properties

Consumers from both Great Britain as well as the United States

Supplementary notes

*The source mentions that 1,589 respondents were from Great Britain (England, Scotland, Wales) and 2,985 were from the United States.

No information was provided on the exact survey method.

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