Ripple CLO Stuart Alderoty Discusses Largest-Ever U.S. Crypto Holder Study, Revealing Mainstream Adoption Trends

Sean Williams
Ripple

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In a recent CNBC appearance, Stuart Alderoty, Chief Legal Officer at Ripple, highlighted the findings of what he described as the largest study ever conducted on cryptocurrency holders in the U.S. The research, commissioned by the National Crypto Advocacy Alliance (NCAA) in partnership with Harris Poll, revealed groundbreaking insights that challenge conventional perceptions of the crypto market.

Widespread Ownership Across Demographics

Alderoty emphasized that the study proves cryptocurrency is rapidly becoming mainstream. The survey found that one in five American adults—roughly 55 million people—either own or use cryptocurrency. This broad ownership, spanning across various demographics, dispels the myth that digital assets are only for a specific group. “Crypto doesn’t have a type,” said Alderoty. “Holders come from all walks of life, ages, genders, income levels, professions.”

Unexpected Demographic Insights

One of the most striking findings was the age distribution among crypto holders. Contrary to the common belief that cryptocurrency is dominated by younger investors, the survey revealed that individuals over the age of 55 now outnumber those under 25 in terms of ownership. This shift signals a broader acceptance of digital assets, even among older generations. Furthermore, nearly one-third of crypto holders are women, challenging the notion that the space is primarily male-dominated.

Occupational and Income Diversity

The research also uncovered surprising trends in terms of profession and income. Nearly as many individuals in the construction industry reported holding cryptocurrency as those in tech, suggesting that crypto ownership is penetrating sectors typically less associated with digital finance. Additionally, 26% of households with crypto holdings earn less than $75,000 annually, illustrating the appeal of digital assets across various income brackets.

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Alderoty referred to the survey’s findings as both affirming and surprising, providing a definitive reference point for policymakers and advocates. As crypto adoption continues to grow, the study serves as a crucial tool in shaping discussions about its role in the U.S. financial system. Industry voices, like Altcoin Insider on X, echoed this sentiment, calling the research a “wake-up call” for policymakers who can no longer ignore the widespread adoption of cryptocurrency.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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