More than 1 in 10 Americans invested in crypto this year --- here's how they differ from stock market investors
The stock market has more diverse offerings than the crypto market, but the opposite is true when it comes to the people investing in them.
Some 13% of Americans have bought or sold a cryptocurrency such as bitcoin, ether, or dogecoin in the past year, according to a report based on a survey of more than 1,000 people published Thursday by researchers at the University of Chicago.
Of these investors, some 41% are women, 44% are people of color, 35% earn less than $60,000 a year, and 45% are college educated, according to the survey that was conducted between June 24 and June 28.
Meanwhile, some 24% of Americans bought or sold stocks during the same one-year period. Of these investors, 38% are women, 35% are people of color, 27% earn less than $60,000 a year, and 51% are college educated.
Crypto investors are also younger than stock market investors — the average age of a crypto investor is 38, compared to 47 for stock market investors.
“Cryptocurrencies are opening up investing opportunities for more diverse investors, which is a …
More on: www.marketwatch.com