NEW YORK— The stereotype of the cryptocurrency owner is of a high-earning white male, but new research finds that other demographics — particularly minorities — are also turning to Bitcoin and other cryptocurrencies.
A recent survey conducted by Morning Consult found that while 69% of all U.S. adults are white, only 62% of cryptocurrency owners are.
Meanwhile, 24% of cryptocurrency owners are Hispanic, while just 16% of U.S. adults overall identify as Hispanic, CNBC stated in its analysis.
Other minorities comprise a smaller share of crypto owners, with Blacks owning 8% and Asians and other ethnicities 6%.
Crypto owners are also overwhelmingly male, with 70%, versus 30% female, according to the findings.
“The majority of crypto owners are white, but they’re also disproportionately Hispanic,” said Charlotte Principato, financial services analyst at Morning Consult.
Separate research from the Pew Research Center recently found that Asian, Black and Hispanic adults are more likely than white adults to have invested in, traded or used cryptocurrency, CNBC added.
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