Is Cryptocurrency mainstream yet? According to a new NBC news poll, about 21% of all American adults have tried using crypto at one point. This includes people who have sold, bought, or traded cryptocurrency tokens. This news demonstrates how ubiquitous cryptocurrency has become in recent years, and there is no doubt that this once niche fiscal option is now mainstream.

What Did the Poll Say?

The poll had more than just this one question on it, and it also asked how people view crypto. 25% of those polled said they viewed crypto negatively, with 19% saying they viewed it positively. The remainder were neutral on crypto.

When narrowing down the age group, the percentage of those polled who tried crypto increased. When limited to just men aged 18-49, about 49% said they traded crypto at some point.

The Crypto Industry Expands

The crypto market has grown considerably in the last few years, penetrating the mainstream and even making its way to the massive PayPal platform. Bitcoin (BTC) was adopted as one of two national currencies in El Salvador last year (with not very good results, unfortunately), and crypto has become so pervasive that the Chinese government decided to ban it entirely rather than try to litigate it.

Cryptocurrency is under investigation in the United States, with President Biden calling for a close examination of the decentralized currency back at the beginning of March. Some industry experts think this could be the precursor to limiting legislation for cryptocurrency. It could also herald the announcement of a new official US stablecoin, one backed by the US government.

These are the kinds of issues that the US government has talked about for over a year now and that industry analysts have been warning investors about affecting the market in the near future.

The cryptocurrency market took a hit late last year, as Bitcoin fell 20% for the year, but the market has started to resurge recently. Trade volume is up, as are rates for many cryptocurrencies, indicating that more people are investing now than were at the beginning of the year.