Analysis of Bitcoin holders in the United States: Predominantly young male demographic with weak political influence.

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Research on the Portrait of Bitcoin Holders in the United States: A Deep Analysis of Population, Politics, and Morality

Recently, a research report on Bitcoin holders in the United States has attracted widespread attention. The report analyzes the adoption of Bitcoin in the U.S. from three dimensions: demographic characteristics, political inclination, and moral foundation, aiming to explore other factors that may influence Bitcoin holding and attitudes beyond standard demographic data.

Main Findings

  1. Younger males are more likely to hold Bitcoin: Bitcoin holders are typically younger and predominantly male, but in terms of race, ethnicity, income, education, and financial literacy, they are similar to the overall U.S. population.

  2. Political factors are unrelated to Bitcoin holdings: Although there are significant differences in the attitudes of different political parties towards Bitcoin, research results indicate that there is no significant relationship between Bitcoin holdings and political inclination. The number of Bitcoin holders across different political backgrounds is basically the same.

  3. The Impact of Values on Bitcoin Holding: The study used moral foundation theory to analyze the values and identity of Bitcoin holders. The results indicate that there is no significant correlation between Bitcoin holdings and specific moral foundations. In contrast, understanding the concept of Bitcoin, recognizing its protocols and assets, and the moral perception of Bitcoin have a greater influence on holding decisions.

A Comprehensive Understanding of the Portrait of Bitcoin Holders in the U.S.: In-Depth Analysis of Demographics, Politics, and Morality

Research Background

Although Bitcoin is well-known, detailed information about its holders is still limited. About 95% of Americans are familiar with the concept of Bitcoin, and approximately one-seventh of Americans currently own Bitcoin, but specific data is still scarce.

Although there have been similar studies in the past, they often have limitations such as small sample sizes, overly broad research scopes, or focusing only on a few indicators. Most studies discuss cryptocurrencies as a whole rather than focusing specifically on Bitcoin. Therefore, this research particularly focuses on Bitcoin and limits its scope to the United States.

The research team collaborated with professional institutions to survey 3,538 adult Americans, collecting demographic information, ethical tendencies, and attitudes towards Bitcoin from the respondents. Data collection was conducted in two phases: an initial sample of 3,022 respondents was gathered in November 2023; an additional 516 respondents were added in March 2024, focusing on the impact of Bitcoin ETFs on public perception.

A Comprehensive Understanding of the Portrait of Bitcoin Holders in the United States: A Deep Analysis of Population, Politics, and Morality

Demographic Characteristics Analysis

Research has found that the group of Bitcoin holders in the United States exhibits diverse characteristics. There are no significant differences between Bitcoin holders and non-holders in terms of race, ethnicity, religion, marital status, income, education level, or financial literacy. However, Bitcoin holders show clear differences in age and gender: they tend to be younger and more male.

It is worth noting that this phenomenon of gender imbalance is not very pronounced in international samples, mainly standing out in studies conducted in the United States.

A Comprehensive Understanding of the Portrait of American Bitcoin Holders: In-depth Analysis of Population, Politics, and Morality

The Impact of Political Inclinations on Bitcoin Holdings

From a political perspective, there is no significant difference between Bitcoin holders and non-holders. Although Bitcoin has faced criticism from various political factions since its inception, it has particularly been under attack from the political left in recent years, while its staunchest supporters tend to be Republicans and libertarians. However, research shows that the political distribution of Bitcoin holders is very similar to that of non-holders, with most people concentrated in the middle of the political spectrum.

Compared to non-holders, Bitcoin holders are more likely to see themselves as being in extreme positions, specifically with more people considering themselves to be very liberal or very conservative. However, overall, the political distribution of Bitcoin holders does not differ significantly from the general U.S. population. This suggests that Bitcoin ownership does not have a direct relationship with political factors.

A Comprehensive Understanding of the American Bitcoin Holder: A Deep Analysis of Population, Politics, and Morality

The Connection Between Moral Foundations and Bitcoin Holders

The study used moral foundation theory to explore the moral tendencies of Bitcoin holders. The results showed that Bitcoin holders exhibit unique characteristics: they are more concerned with cultural freedom and equality; they are comparable to conservatives in terms of sanctity and loyalty, comparable to liberals in terms of care, while being positioned between liberals and conservatives in terms of economic freedom and authoritarianism.

This indicates that Bitcoin holders have a unique diversity and complexity in their moral orientation, which does not completely align with traditional liberal or conservative classifications.

Understanding the Portrait of Bitcoin Holders in the United States: A Deep Analysis of Population, Politics, and Morality

Key Factors Affecting Bitcoin Holders

Research has found that four key cognitive factors significantly influence whether a person is a Bitcoin holder:

  1. Trust in the underlying technology of Bitcoin
  2. Knowledge about Bitcoin
  3. The practicality of Bitcoin
  4. Moral Perception of Bitcoin

Bitcoin holders generally have more confidence in its technology and believe that Bitcoin is morally positive. In contrast, non-holders exhibit a distrustful or neutral attitude. These cognitive factors are key in determining whether to hold Bitcoin.

A Comprehensive Understanding of the Portrait of Bitcoin Holders in the United States: In-Depth Analysis of Population, Politics, and Morality

A Comprehensive Understanding of American Bitcoin Holders: A Deep Analysis of Population, Politics, and Morality

Conclusion

Research shows that the ownership of Bitcoin is not related to specific social or political identities, but closely related to an individual's level of knowledge and understanding of Bitcoin. Bitcoin holders are often those who have a deep understanding of technology, believe it has practical uses, is trustworthy, and is morally acceptable.

This means that the adoption of Bitcoin is not limited to a specific political faction or social group, but is driven by individuals' understanding of and acceptance of the technology. The future development potential of Bitcoin depends on the public's awareness of its value and uses, rather than political divisions.

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OffchainWinnervip
· 9h ago
Young talents dare to venture and strive.
View OriginalReply0
StablecoinEnjoyervip
· 9h ago
Most of them are young guys.
View OriginalReply0
SerumDegenvip
· 9h ago
Wealth freedom must get on board
View OriginalReply0
CrashHotlinevip
· 9h ago
Serves the retail investors right to lose money.
View OriginalReply0
TheShibaWhisperervip
· 9h ago
Wallet prioritizes security.
View OriginalReply0
SerumSquirtervip
· 9h ago
The research seems a bit one-sided.
View OriginalReply0
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