Gemini survey: 63% of adults in the US are crypto curious
In a recent survey commissioned by crypto exchange Gemini, 63% of adults in the US have described themselves as “crypto curious”. Excitingly, over half of those interested are women.
According to the survey featuring 3,000 US adults, the “average” crypto investor who already has some digital assets is a 38-year-old male with an annual income of around $111,000. But the findings suggest this profile of a “typical” crypto investor could be changing pretty soon.
Out of all those labeled “crypto curious” (people who don’t hold crypto but are interested in it), 53% are women and 25% of them are “older women nearing retirement.” Noah Perlman, Gemini’s COO said, “This new research signals a valuable and welcome diversification of crypto’s investor base. A broader set of participants establishes a positive long-term evolution of the market.”
When it comes to the established holders, around 14% said they already own crypto, and around 13% said they plan to buy in the next 12 months. Only 23% of US adults said they have no interest in crypto at all, while 77% of respondents said they are interested in learning more about them.
Perlman ended by saying, “Trading platforms that prioritize security and smart regulation while making it simple for anyone to use, make cryptocurrencies accessible and attractive. We believe digital assets are a strategic part of a well-rounded portfolio and providing education will help remove barriers to entry.”
Turkey’s central bank foreshadows crypto regulations, denying a total ban
The head of Turkey’s central bank has announced that a wide range of regulations would be coming in the next two weeks and dismissed the idea of a total ban.
On a state-run channel, governor Şahap Kavacıoğlu said, “You cannot fix anything by banning crypto and we do not intend to do this.” His comments came less than a week before a planned ban on the use of cryptocurrencies for payments was set to begin.”
The rapid depreciation of the Turkish lira has caused the use of crypto in the country to skyrocket in recent months. The announcement of the proposed ban drew much ire from the government’s political opponents, which may have had a hand in the government’s decision to rethink their approach.
Without giving much detail about the coming regulations, Kavacıoğlu said they would clarify the legal definition of cryptocurrencies and regulate how they should be stored by institutions. Trade Moneta reported that the central bank chief indicated regulations are needed to address the “alarming” amount of funds leaving the country via crypto.
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