The Shocking Truth About Crypto: Who’s Really Buying It?

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So there I was, minding my own business, when my ears perked up at an interview on CNBC with Sturt Alderoty, the chief legal eagle at Ripple. He embarked on a delightful little rant about what’s keeping all those scaredy-cats from wading into the crypto kiddie pool. Spoiler alert: it’s not just the sharks lurking around! 🦈

According to the sage Alderoty, people are running from crypto faster than they do from their exes. The problem? A chaotic concoction of “I-don’t-know-what-I’m-doing syndrome,” the ever-glum perception of crypto (thanks, crypto villains), and the regulatory limbo dance that leaves us all dizzy. Who needs a night out when you can try to decode the legal jargon surrounding digital currency instead? 🙃

And get this: despite the smoke and mirrors, a vast majority of survey respondents cheerfully claimed that crypto has positively impacted their lives. Talk about an unexpected plot twist! You know, it’s like finding out your grandma has a secret TikTok account where she shows off her dance moves. 🕺🏼

Alderoty was just as shocked as I was when he revealed a statistic that made me choke on my oat milk latte. Apparently, more crypto is being held by folks over 55 than those sprightly under 25. Who would’ve thought Grandpa was hiding a Bitcoin stash between the couch cushions? Perhaps he’s just trying to fund his retirement while pretending he doesn’t understand what “decentralized finance” means. 🙄

And let’s not ignore the ladies, shall we? Alderoty claims that the myth that only “crypto bros” are in the game is just that—a myth! Nearly a third of crypto holders are women, proving that they can make investment moves just as well as their male counterparts. Shocking, I know. Maybe they simply want to buy more shoes with their crypto profits. Who can blame them? 👠

A $50 million grant 💸

Oh, and let’s not forget the cherry on top: the launch of the National Cryptocurrency Association (NCA) was funded with a whopping $50 million grant from Ripple. That’s right, folks! They’re tossing around money like confetti at a New Year’s party. 🎉

Alderoty lamented how crypto holders were treated like villains in a B-movie under the previous administration. On a brighter note, he reassured us all that the NCA plans to stay as apolitical as a cat in a room full of laser pointers. They just want to make crypto understandable and give a microphone to the average Joey or Jane with a crypto wallet. Sound good? Fantastic!

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2025-04-04 23:20