There is an increasing number of crypto users from two categories; baby boomers (people born from 1946 to 1964), and Gen Xers (the generation born between the early 1960s and early 1980s), which are getting more and more enthusiastic about digital currency in general, but mostly on bitcoin.
According to two different reports, more than 100 million people are cryptocurrency holders. One of these reports was published by the Crypto.com exchange and approximates there were 106 million people using cryptocurrency in January.
This number has increased by 16% only in one month, coinciding with a thriving moment of crypto. During this time bitcoin and its rivals broke price records, and a lot of big companies and banks implemented digital currencies in their balance sheets.
According to Crypto.com manager Kevin Wang, June and August in 2020 and January in 2021 were very enthusiastic for crypto users. “What we notice is that periods of strong growth come after periods of strong price performance in bitcoin,” he said.
Crypto.com’s statistics were reached by analyzing data from the blockchains, surveys, and exchanges.
(Read the report here)
Another survey from deVere, a financial advisory organization, observed that 70% of its customers older than 55 years have invested in crypto, or were contemplating doing so in 2021.
The recent boom in digital currencies “has captured the attention of people around the world – and not just so-called digital native younger generations” Nigel Green, chief executive of deVere Group said.