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Early Adopters – Gallup poll reveals 2% of American investors own Bitcoin



About one in four US investors are fascinated by Bitcoin, but will not buy the leading cryptocurrency anytime soon, according to a recent Gallup poll.


Early Days

The Wells Fargo / Gallup Investor and Retirement Optimism Index survey for the second quarter of 2018 was conducted online May 7-14. He provided a snapshot of US investors' interest in the prevailing cryptocurrency.

The survey has identified investors as American adults who have invested at least $ 10,000 in equities, bonds, or mutual funds, either inside or outside retirement savings accounts [1

9659004] Of the 1,921 investors surveyed, 26 percent confirm interest in the digital currency, but they say that they will not buy it in the short term. 72 percent of the group are not interested in buying Bitcoins at all.

Regarding investors who hold the cryptocurrency, only 2 percent of respondents said they own Bitcoin – and less than 1 percent say they actually buy

3 percent of men and 1 percent of women The polls indicated that they own Bitcoin, while 3 percent of respondents between 18 and 49 and 1 percent aged 50+ have some bitcoin.

Limited Attention

The Gallup poll also indicates that only 29 percent of respondents – or about 3 in 10 investors – know about cryptocurrencies. The remaining majority has heard of virtual currencies, but only limited knowledge of them. 5 percent of surveyed investors have never heard of cryptocurrencies.

Across specific demographics, the appreciation of virtual currencies is still limited but varies – with wealthy investors, men and younger people who have a greater knowledge of bitcoin. 39 percent of people with more than $ 100,000 in investment know about Bitcoin compared to 25 percent with investments of less than $ 100,000.

48 percent of people between the ages of 18 and 49 know something about Bitcoin versus the 22 percent aged between 50 and 64 16 percent, 65 years and older

Risk perception erodes Bitcoin investment opportunities [19659003] A very significant finding of the survey is that 75 percent of investors consider Bitcoin a very attractive investment. 23 percent consider it "a bit risky" and only 2 percent say that it is not too risky.

Responses are likely to be impacted by massive volatility impacting Bitcoin and other digital currency prices. Various factors such as upcoming regulatory decisions and increased trading volumes in key markets have contributed to this.

The resulting price increases and pressures have created mixed feelings among investors – especially among traditional risk-averse investors. The potential risks of a sudden decline in the market value of virtual currencies outweigh the appetite in the massively lucrative segment.

With investors cautiously approaching digital currencies, it will be worthwhile watching sentiment shift in the face of a steady rise in Bitcoin and Altcoin prices.

The recent resurgence of cryptocurrency prices is expected to continue for a while, with medium – steady growth is expected in the long term If so, a follow-up survey could yield very different results. In your opinion, what will increase the appetite of US investors for Bitcoin and other cryptocurrencies? Share your thoughts in the comments below!


Image courtesy of Shutterstock.


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