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New data says 8% of Texans own Bitcoin

Texan Bitcoin owners could grow to 14% by the end of the year, Finder says. (Pexels)

Texans are taking up Bitcoin in droves with 8% of adults already owning it, new data by shows.

Kyle Murphy is among the Texans who currently own the most popular form of cryptocurrency. He made a recent move to Austin because of the potential he saw in the city’s Bitcoin scene, even founding an accelerator called Pleb Lab that aims to support Bitcoin-centered startups.

“I landed in Austin specifically because I believe there is nowhere on Earth at the moment that has a higher per capita population density for people who are Bitcoin focused.”

When it comes to cryptocurrency at large, Austin has come out as a leader in the Texas job market. Still, it falls behind other places like the Bay Area where there are sweeping crypto opportunities.

To Murphy, however, the Bay Area has “a bunch of crypto nonsense.”

“If you’re just looking for people who really kind of understand and get Bitcoin, especially the people who are Bitcoin developers, they’re all in Austin right now,” Murphy said. “And more of them are moving here every day.”

But there are some differences among various demographics who have Bitcoin.

Finder’s cryptocurrency editor, Keegan Francis, says young adults will drive crypto adoption this year.

Bitcoin ownership among people 18-34 could hit 17-18% by the end of the year, and Finder also expects to see growth in the 35-55 age group.

Crypto has generally been more popular among men, and Bitcoin is no exception.

“Men in Texas are much more likely to own Bitcoin than women—11% compared to 5%,” Francis said. “The difference between the number of men and women who own Bitcoin is expected to widen this year with slightly more men planning to become Bitcoin owners.”

When it comes to the growing adoption of Bitcoin, Murphy points to commerce as being overlooked. After a block party he put on in December, he noted places like the Tipsy Alchemist became part of the 33% of Rainey Street that started accepting Bitcoin. He also noted local ranchers who accept Bitcoin and how he’s in the process of getting a diesel mechanic on board to accept Bitcoin.

More businesses are starting to accept Bitcoin. (CC)

For Murphy, whose only form of finance is Bitcoin, he sees promise in more businesses accepting it as a form of payment and the public’s growing use of it. Finder estimates Texan Bitcoin owners could grow to 14% by the end of the year.

“If we’re talking about my worldview of Bitcoin, I would say generally, that I believe the last discovery that human beings came upon that was as big as the discovery of Bitcoin was probably fire.”

For the crypto curious, Finder recommends comparing exchanges, and if you need more tips, Austonia has a mini-guide on getting started with investing.


Austin FC wins big! Team makes history, takes No. 1 spot in 2-1 LAFC win

Over a year after its first loss, Austin FC was all smiles as it beat LAFC to take home the top MLS West spot Wednesday. (Austin FC/Twitter)

Over a year after they took the stage for the first time in Los Angeles, Austin FC returned to Banc of America Stadium to snatch the No. 1 spot from LAFC in a 2-1 statement win late Wednesday night.

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Comedy, live music, McConaughey Q&A: Events in Austin this weekend

(Paramount Theatre)

💈 Finley’s Pop-up Barbershop

Experience luxury grooming the old-fashioned way at a revival of the Driskill Hotel’s early 1900s barbershop put on by Austin-based Finley’s. The pop-up will offer men’s haircuts, beard trims, hot towels, neck massages and straight razor shaves. Click here to book an appointment.

9 a.m.-6 p.m. Friday-Sunday | The Driskill Hotel, 604 Brazos St.

😂 Moontower Comedy Presents Hannah Gadsby

Catch veteran Australian comedian Hannah Gadsby touring with her newest show, “Body of Work,” written while she pondered the effects of the pandemic. Tickets are still available in the orchestra section, starting at $60.

Doors at 6 p.m. Friday | The Paramount Theatre, 713 Congress Ave.

🎤 Rex Orange County Who Cares? Tour

Alexander James O'Connor, AKA Rex Orange County, is returning to Austin to perform his newest album, “Who Cares?” Tickets are still available starting at $49 each.

Doors at 7:30 p.m. Friday | Germania Insurance Amphitheater, 9201 Circuit of The Americas Blvd.

⚾️ Round Rock Express vs. El Paso Chihuahuas

Catch our local Minor League team play against the El Paso Chihuahuas at home this week. Tickets start at $22.

Starting 7:05 p.m. Friday | Dell Diamond, 3400 E Palm Valley Blvd.

🎶 Bleachers—The 2022 Tour

Enjoy a night of indie-pop from Grammy-winning producer Jack Antonoff, whose stage name is Bleachers, from the intimacy of Stubb’s. Tickets are still available starting at $33.

Starting 7:05 p.m. Saturday | Stubb's Waller Creek Amphitheater, 801 Red River St.

🎸 The Peterson Brothers with Latasha Lee

Catch the groovy, Bastrop-born brothers are taking their rightful place on stage with soulstress Latasha Lee at Antone’s. Arrive early, seating fills up quickly! The show is 21+ and tickets start at $15.

Doors at 7 p.m. Saturday | Antone's Nightclub, 305 E 5th St.

🤠 Emmanuel Acho and Matthew McConaughey Q&A

Famous former Longhorns Emmanuel Acho and Matthew McConaughey are joining forces for a Q&A about catching greenlights and living a limitless life. Each ticket will get the holder a copy of Acho’s new book, “Illogical: Saying Yes to a Life Without Limits.” Tickets are $39 per person.

1:15 p.m. Sunday | LBJ Auditorium, 2313 Red River St.

⚽️ Austin FC vs. Orlando City

Austin FC is facing off against Orlando City at the biggest party in Austin, Q2 Stadium. Tickets are still available starting at $65 but ticketless Verde fans can still support at one of the many Pub Clubs.

7 p.m. Sunday | Q2 Stadium, 10414 Mc Kalla Pl.