Who uses Bitcoins? It’s not exactly the hedge-fund set

Bitcoins

Rather than speculate on the future of the Bitcoin, the online-audience-describing people over at Quantcast got a novel idea: trying to figure out who actually uses the international digital currency.

In case you were wondering, it’s not just the super-rich who appear to engage in Bitcoin. While 26 percent of Bitcoiners rake in $150,000 or more in annual income, the biggest group, 52 percent, makes less than $50,000, according to findings visualized Friday on the Quantcast’s I.Q. blog.

Income of Bitcoin users, via Quantcast I.Q. blog

Income of Bitcoin users, via Quantcast I.Q. blog

Age and income of Bitcoin users, via Quantcast I.Q. blog

Age and income of Bitcoin users, via Quantcast I.Q. blog

Bitcoin users are overwhelmingly male — 88 percent. The biggest age group is 25-34. It’s possible they attended engineering-heavy schools like the Massachusetts Institute of Technology and the Rochester Institute of Technology. Tech terms such as “Raspberry Pi,” “open source” and “command line” are popular with Bitcoiners.

But that’s now. Perhaps the core Bitcoin audience will shift if the currency’s volatility ever levels out.

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