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Deutsche Bank Survey: Trump Policies Boost Cryptocurrency Adoption in the US

Summary: According to a survey conducted by Deutsche Bank in June, American consumers are the largest user group of cryptocurrencies, with a focus on males, young people, and the affluent. Last month, the cryptocurrency adoption rate in the US was 17%, higher than the UK's 11% and the EU's 10%. Among the 18-34 age group in ...

According to a survey conducted by Deutsche Bank in June, American consumers are the largest user group of cryptocurrencies, with a focus on males, young people, and the affluent. Last month, the cryptocurrency adoption rate in the US was 17%, higher than the UK's 11% and the EU's 10%. Among the 18-34 age group in the US, cryptocurrency adoption increased from 24% in January to 29% in June, mainly due to optimistic market sentiment towards Trump's support for cryptocurrency policies. In the US, affluent individuals make up 32% of cryptocurrency adopters. Additionally, 23% of American males stated they use cryptocurrencies for payments or personal investments, compared to 13% of females. Male consumers generally believe they have a deeper understanding of cryptocurrencies compared to females.

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