The best way to demystify cryptocurrencies for new investors is to explain the vocabulary around it. Because cryptocurrency represents a new asset class (Bitcoin was created in 2009), most investors who are new to the space will need a primer in its basic terms.
In the U.S. alone, approximately one in six (16%) of U.S. adults have engaged with cryptocurrency in some form, such as investing, trading, or using it for transactions. That is more than 8X the ownership that existed in 2018. Young and middle-aged adults are the most likely to invest, with 25% of those under 50 now owning crypto compared to just 7% of people over 50. Millennials show strikingly higher ownership rates, with approximately one in four (26%) of millennials now holding Bitcoin.
This is an absolutely astounding rate of adoption for an asset that is only 15 years old! [Read more…] about 15 Cryptocurrency Terms Every Investor Should Know