Deutsche Bank Survey: U.S. Crypto Adoption Hits 17%, Led by Young and Wealthy Males

Key Points:U.S. crypto adoption reached 17% in June, the highest among major economies.Adoption is especially strong among men, the wealthy, and individuals aged 18–34.Optimism around pro-crypto political rhetoric may be fueling youth interest.A June Deutsche Bank survey reveals that cryptocurrency adoption in the United States has climbed to 17%, outpacing the United Kingdom (11%) and the European Union (10%), making the U.S. the largest adopter among major Western economies.The report highlights that U.S. adoption is highest among young adults aged 18–34, with usage in this group rising from 24% in January to 29% in June. Analysts suggest this jump may reflect increased optimism over the 2024 election cycle, particularly Donald Trump’s perceived support for crypto-friendly policies.Crypto usage in the U.S. is also gender-skewed, with 23% of men using digital assets for payments or investments, compared to 13% of women. The survey notes that men are generally more confident in their understanding of crypto markets.Additionally, the data shows that wealthier Americans make up a significant portion of users—32% of adopters reported having higher income levels, indicating continued concentration of crypto ownership among the affluent.