The average crypto asset holder in Britain is young, male and hodler, highlights a research by Her Majesty Revenue and Customs and Kantar UK. It establishes the prevalence of owning crypto assets, types and amounts held, as well as the platforms individuals use to buy digital assets.
The research was made up of a screening stage to identify current and former crypto-asset owners and a full survey with those screened in. There was a survey of 5,916 UK adults, including 713 crypto asset owners. The survey was conducted between February 2021 and June 2021.
The report found that 10% of UK citizens hold or have held crypto, while 55% have never sold any. Currently, only 7% are holding more than £5,000 in value, while 52% have holdings of up to £1,000.
It established that majority crypto owners are younger than the general population; 76% of them are 45 years of age and 69% are male. About 79% of them hold cryptocurrencies. The second most, around 20%, popular type of asset is utility tokens. Moreover, 68% of owners most frequently acquire crypto from centralized exchanges, 81% use such exchanges to sell or exchange their assets.
Majority owners – about 63% – made a profit over the past year when disposing of cryptoassets. But 14% said they suffered a loss, and 14% broke even.