More expectedly than not, the typical cryptocurrency investors are common in various ways. This is the computer age, and to be a cryptocurrency investor, one must know how to operate a PC at least and also understand the blockchain.
What would a typical cryptocurrency investor look like? To answer this question, we’ll look at the statistics and demographics of today’s crypto investors.
For gender, it is quite certain that the majority of cryptocurrency investors out there are males. By considering bitcoin which is the most popular cryptocurrency, Google Analytics data from Coin Dance on Bitcoin Community Engagement shows that about 88% of the community are males, while just about 12% are females.
Men are definitely leading because they are more open to building wealth and managing financial risks. In general, subjects like blockchain and technology are more appealing to men than women.
However, in the past few months, the crypto world has seen a bit of a rise in female crypto investors. Data collected by CoinMarketCap reveals this, and though not very significant, it is worth noting.
The debate here should be less because the bitcoin overshadows all other cryptocurrencies in the crypto market. With a market capitalisation of over $110 billion and about 70% of the total market capitalization, bitcoin is the most popular and most traded cryptocurrency.
A typical cryptocurrency investor is likely to be a bitcoin investor. Almost - if not - everyone who enters the crypto market newly starts off with bitcoin. In 2020, popular crypto wallet provider Blockchain has recorded over 48 million registered bitcoin wallets.
Only persons above the age of 18 are expected to trade cryptocurrencies, so that’s the minimum age to consider. The coin dance statistics show that a large number of cryptocurrency users are between the ages of 25 - 34. This is about 46% of the total crypto user percentage.
The next joint age group of crypto investors is between the ages of 35 - 44 years. They make up about 27% of the total crypto user percentage. Adding both age groups gives a total of 73%, which is relatively high, so it is clear that the majority of crypto investors are young.
Adults within the ages of 45 - 54 contribute about 10%, the same with young people between the ages of 18 - 24. Conversely, 55 to 64 ages make up a small percentage of 4, while those above 64 years make up a lower percentage of 2.
Considering interests, what is it that most crypto investors do in common? It’s simple - investing. A relatively high percentage of crypto investors are interested in financial and investment services. They won’t put their money into the crypto market if they are not looking to make gains. They often choose a top-rated broker to start trading, usually one that accept cryptocurrencies and allows speculation on cryptocurrencies. The second highest interest of crypto investors is software development.
As mentioned earlier, a typical crypto investor should be able to understand how the blockchain works. This can only be possible if a person had a high interest in software and technology development.
Crypto investors are also keen on banking services, employment, and electronics. There’s room for recreation as well as a good percentage of investors have an interest in travelling and dating services.
The United States is often regarded as the country with most cryptocurrency users thanks to its welcoming blockchain technology and numerous crypto projects. But aside from the US, there are not many investors of cryptocurrencies in the American continent. More investors can be found in European countries.
The statista crypto consumers study from 2018 showed that just 8% of Americans attested to owning cryptocurrencies. Countries that recorded up to 10% - Turkey, Romania, Poland, Spain - are all European countries.
Devices and Browsers
There are three major device platforms currently, which are Desktop, Mobile, and Tablet. Out of the three, the majority of crypto investors prefer using the desktop platform. About 59% of investors use a desktop, while about 38% use mobile devices and about 3% use tablets.
This is not very surprising as people believe desktop to be more secure than mobile. Furthermore, most crypto trading platforms and wallets can be better assessed and managed on the large screens desktops offer.
For web browsers, the Chrome browser from Google is the most patronised, with about 58% of investors. This can be attributed to the numerous browser extensions and plugins available that make browsing simpler. The Safari browser comes next, which is justifiable as most crypto users live in countries where iOS is dominant. Nevertheless, about 8% of crypto investors use the Mozilla Firefox browser.
From the above demographics, we can conclude that a typical cryptocurrency investor is a male who invests in bitcoin. Also, he is likely to be a young adult, less than 44 years old, with an interest in investments and technology. The typical crypto investor accesses his wallets from a desktop computer on Google Chrome and can live anywhere.