Crypto adoption has held steady in the U.S. and the U.K. over the past few years. According to a report from Gemini, 65% of people surveyed say they hold crypto mainly for its long-term investment potential.
The report is based on a survey of 6,000 individuals from the U.S., U.K., France, Singapore, and Turkey. This survey took place online between May 23 and June 28 of this year.
Interestingly, the rate of crypto ownership has not changed much. In the U.S., it remains at 21%. In the U.K., it’s at 18%. Meanwhile, in France, ownership rose slightly from 16% to 18%. However, Singapore saw a drop from 30% to 26%.
Many respondents, about 38%, view crypto as a hedge against inflation. Still, regulatory uncertainty is a major hurdle. In both the U.S. and the U.K., 38% of people who don’t own crypto cite regulatory concerns as their main reason. In France, 32% feel the same way, and nearly half of those in Singapore share these worries.
On a positive note, the introduction of spot exchange-traded funds (ETFs) has spurred growth in the market. In fact, 37% of U.S. crypto holders say they own crypto through an ETF.
The report also highlights a slight increase in the gender gap. In 2024, 69% of crypto holders identify as male, while 31% identify as female. Additionally, a significant 73% of U.S. crypto holders plan to consider a candidate’s stance on digital assets when voting in the upcoming presidential election this November.