- 55 million Americans now use or own crypto, with adoption spanning all age, income, and professional groups.
- 96% of U.S. holders used crypto for transactions last year; 39% shop with it, and 10% use it for daily purchases.
- Top barriers include lack of understanding, fraud fears, and unclear regulations, despite low direct scam exposure (6%).
A new study from the National Cryptocurrency Association (NCA), initiated with a $50 million grant from Ripple, shows that 55 million Americans currently own or use cryptocurrency. According to Stuart Alderoty, Ripple’s Chief Legal Officer and President of the NCA, the findings are the most extensive survey of U.S. crypto holders ever conducted.
The study, conducted in partnership with The Harris Poll, shows the rising mainstream adoption and use of digital assets. The initiative began six months ago amid what Alderoty described as rising hostility toward crypto under the previous U.S. administration.
He said Ripple helped fund the nonprofit to boost crypto education and to support retail holders in a politically neutral, independent manner. The NCA now aims to offer clear educational tools while bridging users with real-world applications for digital assets.
Crypto Demographics Across the U.S.
The survey uncovered several insights into the diversity of American crypto users. Alderoty noted that crypto holders now include people of all ages, income levels, and professions. Notably, more Americans over 55 own crypto than those under 25.
In terms of income, 26% of crypto-owning households make under $75,000 annually. Women represent nearly a third of total holders, while employment sectors vary, construction workers own crypto at rates similar to those in tech.
The report confirmed that crypto adoption is not limited to a specific group. Instead, ownership now spans a wide range of American society. Alderoty said the findings support the NCA’s mission to become a hub for learning and practical use.
U.S. Holders Using Crypto for Daily Transactions
While 51% of respondents said they were initially drawn to crypto for investment, usage has expanded beyond trading. The study revealed that 96% of holders had used crypto at least once in the past year for transactions.
Additionally, 39% use crypto to shop or pay for goods and services. Around 10% use crypto in daily purchases, further showing the asset’s growing utility. Alderoty emphasized that the NCA intends to help crypto users deploy digital assets in practical, everyday scenarios.
Barriers Include Fraud and Regulatory Uncertainty
Despite the growth, the study also identified major barriers. Over one-third of respondents said they struggled to understand the technology. Another third pointed to concerns around fraud and scams, though only 6% had directly experienced such events.
Alderoty noted the need to help users avoid risks through better education. Regulatory uncertainty was also cited by roughly a third of respondents. Although the NCA does not engage in lobbying, Alderoty said the group supports clearer U.S. market rules. He added that sensible regulations could help build trust and increase adoption.
