Who is using bitcoin? Who is investing in ICOs (initial coin offerings)?
Skydeo recently posted an analysis that showed heavy usage of bitcoin apps by people who owned Teslas. Those results and Twitter conversations including RunKeeper founder Jason Jacobs , Luma Partner’s Terry Kawaja and Media Ocean’s Bill Wise sparked our interest so we conducted research into bitcoin users and people who might also be investing in ICOs. While we were preparing the analysis, coin offerings heated up to the point where China banned ICOs because they have “seriously disrupted the economic and financial order.”
By the numbers:
Bitcoin ICO Skydeo Insights
Skydeo surveyed over 100,000 bitcoin users from our panel of 607 million mobile devices.
Launching an ICO?
- 86% of bitcoin users are Male.
- 65% of bitcoin users are between ages 18-34.
- Just 9% of bitcoin users are over age 45
- Only 9% meet the the $1M Net Worth requirement for accredited investors. If ICOs are securities then 91% of bitcoin users would not qualify by that standard. They might meet income requirements however.
- If you use bitcoin you are 67% to 200% more likely to have a net worth over $1 million.
- Bitcoin users are 25% to 50% more likely to drive an Audi, Infinity, Lexus, Mercedes or BMW than people who don’t use bitcoin.
Targeting mobile users by bitcoin or investment app ownership, auto ownership and household income will likely yield better results for ICO marketers than current marketing efforts, especially if the ICO is considered a security. Skydeo provides mobile data for brands, agencies and investment research.
Is Skydeo considering an initial coin offering?
We can’t comment yet but there it would be a natural fit to tie mobile data to cryptocurrency.
Want to own a Tesla? Start investing!
In a recent panel study of 340 million mobile users, Skydeo analyzed Tesla car owners mobile app interests compared to non-Tesla car owners and the results are intriguing. Tesla owners were 72 to 103 times more likely to have Charles Schwab or eTrade Investment accounts. The image of Tesla owners as tech savvy, high income individuals is supported by their use of Bitcoin (48x), Robinhood (27x), Mint (20x) and Venmo (15x). Tesla owners have a high propensity to use food & delivery apps (62x) and shopping apps like Amazon Prime, Best Buy and AliExpress. Surprisingly, Tesla owners have a cost conscious side as they used coupon shopping apps like Slickdeals, Key Ring, Groupon and RetailMeNot. Skydeo Insights enables brands to analyze users by traditional metrics like age, gender, income, home ownership plus mobile segments like apps, locations, device, carrier, etc. Skydeo limited this analysis to finance and shopping apps.
Skydeo CEO Mike Ford said “For top brands and agencies, mobile insights are simply the best way to develop user personas to use for product marketing, business intelligence andmedia planning for digital, radio and TV. The mobile personas of their car owners clearly supports Elon Musk’s vision for the Tesla brand.”
Tesla Owners Mobile Insights by Skydeo
Create Your Own Custom Mobile Audience
According to Fortune Magazine:
Edmunds, the California-based car-buying platform, examined registration data of all 1,600 Tesla Model S vehicles that have ever been sold in the pre-owned market in the U.S. Edmunds also found that owners of used Model S are younger. About 10% of pre-owned Model S buyers are millennials, ages 18 to 34, compared to just 6% of those who purchase a new one. An Edmunds analysis released earlier this month found millennials are leasing vehicles at higher rates than the overall car-buying population and they’re opting for more luxurious, tech-forward cars than they could otherwise afford to buy. Millennials are particularly attracted to leasing Ram, GMC, and Lexus brands. California’s share of used Model S sales is only 30.5%, compared to its 42.5% share of all new sales, according to Edmunds, which examined registration data of all 1,600 Tesla Model S vehicles have ever been sold in the pre-owned market in the U.S. The Tesla brand has migrated into different age and earning demographics. Some 36% of all used Model S buyers earn less than $100,000 a year. Only 25% of new Model S buyers have salaries under $100,000.
Skydeo recently joined the DCU Fintech Innovation Center on Atlantic Ave in Boston. Skydeo’s base of hedge funds and investment research clients plus it’s core strength in consumer marketing made the center an excellent fit.
Skydeo CEO Mike Ford: “We’re excited to be part of the DCU Fintech community. The center has already helped us connect to a potential partner and product resources. As we expand our engineering team in the coming year, the center’s great location will help.
Skydeo has offices in Boston and New York City.
The DCU FinTech Innovation Center (the “Center”), the leading program focused exclusively on powering the next generation of financial technology companies in New England, announced today the 10 new seed-stage ventures in the Center’s latest Cohort. The Center is the collaborative effort between Digital Federal Credit Union, better known as DCU, and Boston-based coworking network company, Workbar.
The June 2017 Cohort Includes:
- Coalesce.Info – Data & Analytics – Speeds-up research and analysis with machine learning.
- Intelligent Lending Advisers – P2P Lending – Buy side investing in peer to peer loans.
- IRAengine – Alternative Investments – Enabling pension fund investing in alternative investments.
- Keel – Investment Platform – Credible investment ideas from verified peer investors.
- MakeCents – Payments – A mobile solution for cash.
- Matchupbox – Blockchain – Digital identity as a service for banking and insurance.
- Skydeo – Data & Analytics – Mobile audience data and insights.
- Spotme – P2P Lending – Structure, execute and track a personal micro-loan.
- Tengu – Blockchain – Smart payments platform.
- Virtual Cove – Data & Analytics – Immersive reality solution for understanding big and/or wide datasets.
The Center accepts seed-stage FinTech startups varying from concept to product fit stage that can benefit from the FinTech ecosystem of mentors, investors, and institutions provided by the Center. DCU executives offer mentorship, assistance, and an open platform for working with the startups. Admitted startups receive one year of free office space at the Center, located in Boston’s financial hub and near the major transportation center South Station. There is neither a cash nor equity payment required from any participating company.
Vasilios Roussos, Managing Director
Vasilios Roussos, Managing Director of the Center, remarked, “We are incredibly excited to help foster the continued growth of New England’s FinTech ecosystem. This cohort represents an incredibly strong group of 10 selected from over 60 applications. It has been truly inspiring to see the depth of talent and technology in this ecosystem.”
David Araujo, DCU CTO
“The diverse mix of problem-solving concepts represented in this year’s cohort is fantastic,” stated David Araujo, DCU’s Vice President of Technology. “We look forward to working with the incoming teams to develop, test, market, and scale their products to be ready for future growth in the rapidly-changing world of financial services.”
Founded in June of 2014 and relaunched in the fall of 2016, the Center has been building on its strengths by identifying the most promising financial technology startups, connecting them with world-class enterprise customers and partners, and ultimately helping to prepare them for broader commercial success. The new cohort began recently and applications for the December 2017 Cohort will open in the fall of 2017.
About the DCU FinTech Innovation Center
The DCU FinTech Innovation Center is the leading sponsor of FinTech startups in New England and is dedicated to fostering FinTech startups and the Boston FinTech community. The Center focuses on helping startups gain initial customer traction and provides seed-stage FinTech startups with one year of free mentorship, workspace, community, and a professional network. The Center is fully funded by DCU, is supported by DCU executives, and is operated by Workbar.
For additional information, visit http://www.dcufintech.org.
DCU is a not-for-profit financial cooperative based in Massachusetts that serves over 600,000 members across all 50 states. DCU offers a full range of financial services to consumers and businesses, including banking, lending, financial management, insurance, and realty.
For additional information, visit http://www.dcu.org.
Workbar creates great places to work that bring the ideal office to you: convenient, affordable, and populated by a friendly mix of motivated professionals. Its growing network of high quality coworking spaces offers independent professionals, small businesses, startups, remote teams, and enterprise employees a mix of comfortable work space, meeting space, and amenities.
For additional information, visit http://www.workbar.com.