Vice-president JD Vance and two of President Donald Trump’s sons were in Las Vegas on Wednesday to talk about cryptocurrencies and how the financial instrument can help ordinary people.
Vance told participants in the Bitcoin 2025 conference that “we have an opportunity for a single generation to release innovation and use it to improve the lives of countless American citizens”. Depending on the figures, there is a long way to go.
The data shows about 1 American adult out of 6 – 17% – have already invested or used cryptocurrencies, while half – 8% – used it in the past year.
The PEW Research survey data shows that the use of the crypto is the highest among men aged 18 to 29 and the lowest of women aged 50 and over.
And New survey data of the American federal reserve found that 7% of American adults have used crypto in the last 12 months in 2024, compared to 12% in 2021.
Industry group numbers paint a more pink image: According to a survey in 202414% of American adults currently have Bitcoin, the most popular of different cryptocurrencies. With around 260 million adults in the United States, it works at 36 million adults with Bitcoin.
Compared, 26% of American households have common investment shares or funds, and 60% have retirement accounts, according to a American census office report.
The Trump administration has increasingly courted the cryptographic public. Last week Trump organized a dinner for buyers of the President’s same personal room. Wednesday The Labor Department withdrew the advice Advisor to employers to be careful to make 401KS employees available to their employees available to cryptocurrency investments.
Vance told the crowd on Wednesday: “We want our American compatriots to know that cryptographic and digital assets, and in particular Bitcoin, are part of the consumer economy and are there to stay.”
He praised Bitcoin’s ability to help Americans without bank account (in 2023, 4.2% of American households are not banishedAccording to the FDIC). “The crypto has transformed the way the Americans are coming to each other,” he said. “It is extended to access to banking services for many of those who have not otherwise had it.”
