BITCOIN SEASON 2: The Average American Bitcoin Owner Is Not Who You'd Expect

Deep dive into the Nakamoto Project's survey of 3,500 Americans reveals surprising demographics about Bitcoin ownership, political leanings, and moral foundations of crypto holders vs non-holders.

Jul 7, 2025

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Colin and Charlie dive deep into the Nakamoto Project's groundbreaking survey revealing what the average American really thinks about Bitcoin. From surprising ownership demographics to political shifts and moral foundations, this data challenges everything you think you know about who owns Bitcoin and why.

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**Notes:**

• 48 million Americans own Bitcoin (18.6% surveyed)

• 11 million hold their own keys (4.21%)

• Hispanic/Latino ownership leads at 24.2%

• 58.8% keep Bitcoin on exchanges

• Political shift right since 2024

• 4 in 5 support gold-to-Bitcoin conversion

Timestamps:

00:00 Start

02:14 Highlights

05:12 Who holds Bitcoin?

08:35 How do people hold Bitcoin?

12:02 Ethnicity of Bitcoin holders

16:32 Politics

20:38 Changes in ownership from 2024

22:22 Sentiment

27:26 Moral Foundations

39:00 Crypto Reserve

43:12 Policy

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