State of Crypto Survey 2024/25 Results
Over 2200 participants from over 150 countries joined our State of Crypto survey.
A huge thanks to all of you and to the people who helped us run this survey!
Demographics
Age, gender, education, work, country.
Knowledge
Crypto & finance quiz items.
Behavior / Risk
Bomb-risk, FoMO, belonging.
Investing
Coins, leverage, NFTs.
Inequality
Crypto & global inequality.
Privacy / Regulation
KYC, mass control concerns.
Working papers based on this survey
Below are our research papers that used the 2024/25 State of Crypto dataset (2,200+ responses, 150+ countries). Click on each title to see an executive summary and access to the working paper.
Download Dataset
Download the summary data used to build the charts in a combined JSON file.
Download Combined Data (JSON)Previous survey
Check out the results from our 2022 State of Crypto survey with over 3,000 respondents.
Demographics
Basic profile of respondents: age, gender, education, work status and roles in crypto.
Crypto & Financial Knowledge
Quiz-style items on Bitcoin, blockchain trilemma, stablecoins, and basic financial literacy.
Behavioral / Risk
Behavioral proxies collected in the survey: bomb-risk task, FoMO, and feeling of belonging.
Investing
Participation in crypto, reasons for not investing, coins held, leverage, derivatives, and NFTs.
Inequality
Perceptions of inequality, trust in government, and how respondents think crypto will shape distribution.
Privacy & Regulation
Concerns about surveillance, KYC, mass control, and attitudes towards crypto regulation.
Meme Money, Real People: Decoding the Crypto Memecoin Crowd
This study asks whether people who invest in memecoins form a distinct subgroup within the broader crypto population. Using the global dataset, the paper contrasts respondents who hold at least one memecoin with other active crypto users, focusing on engagement, risk-taking, and adoption of newer products.
Key observations
- Memecoin holders are highly engaged: they typically hold several other tokens and report active trading.
- Risk is deliberate: memecoin ownership is associated with the use of leverage, derivatives or NFT activity.
- Knowledge matters: respondents who correctly answer memecoin-related items are more likely to hold one.
Overall, the paper argues that memecoin buying in this sample is better described as high-risk, informed experimentation than as impulsive speculation.
Public Perceptions of Cryptomarket Regulation: Investor Profiles and Attitudes
This paper analyses how different categories of crypto users view regulation, KYC requirements and the taxation of crypto gains. It shows that support for regulatory measures is not uniform: it depends on perceived risks and on how central crypto is in a respondent’s financial portfolio.
Main patterns
- Users who see crypto as exposed to fraud, scams or money laundering are clearly more supportive of regulation.
- Users with a large share of wealth in crypto are more sceptical, highlighting privacy and flexibility concerns.
- Trust in government and higher education are both associated with greater acceptance of KYC and taxes.