#CryptoUsersHit18M

As of 2024, the global cryptocurrency user base has experienced significant growth, with estimates indicating that approximately 562 million people worldwide own digital currencies, representing about 6.8% of the global population.

In the United States, cryptocurrency ownership has also risen notably. Approximately 40% of American adults now own crypto, up from 30% in 2023, which could equate to as many as 93 million people. Among current crypto owners, around 63% plan to acquire more cryptocurrency over the next year.

Despite the increasing adoption rates, a significant portion of the population remains skeptical about the safety and reliability of cryptocurrencies. Approximately 63% of Americans express little to no confidence in the current methods of investing in, trading, or using cryptocurrencies.

Looking ahead, the number of cryptocurrency users is expected to continue its upward trajectory. Projections suggest that the user base could reach approximately 861 million by 2025, with a user penetration rate estimated at 11.05% in 2024.

In terms of demographics, the largest share of cryptocurrency owners falls within the 24-35 age group, accounting for 34% of the total. Additionally, the rate of crypto ownership among women has increased from 18% to 29% over the past year, indicating a growing diversity among crypto users.

Geographically, Asia leads in crypto ownership, with the number of users increasing from 268.2 million to 326.8 million, followed by North America with 72.2 million users.

Overall, while cryptocurrency adoption is on the rise globally, varying levels of confidence and differing demographic trends highlight the complex landscape of crypto users in 2024.

What it means for crypto, and which risks are involved?

Feel free to comment below. This is not a financial advice.DYOR.