- The younger generation of the U.S. population is more amenable to Bitcoin
- The number of U.S. investors who own Bitcoin has increased from 2% in 2018 to 6% in 2021
- BTC ownership in below 50 years investors increase three times in three years
According to a global analytics and advice firm Gallup survey, younger U.S. investors are more prone to invest in cryptocurrencies. In addition, the poll revealed that three times more U.S. investors hold Bitcoin now as compared to 2018.
Three times more U.S. investors hold Bitcoin
Global analytics and advice firm Gallup conducted a poll which revealed that the younger generation of the U.S. population is more amenable towards Bitcoin in terms of awareness, interest, and ownership over the past three years.
The study also revealed that the number of U.S. investors who own Bitcoin has jumped from 2% in 2018 to 6% as of June 2021. Investors in the research comprised individuals with $10,000 or more invested in stocks, bonds, or mutual funds.
Below 50 BTC ownership increased from 3% to 13% in three years
The report also revealed that in investors surveyed aged below 50, BTC ownership had increased three times over the past three years to 13% from 3% in 2018. The survey also revealed that ownership was much lower at 3% for the investors above fifty. However, this has also increased three-fold from 1% in 2018.
The research also compared Bitcoin investments with other mainstream investments. The survey revealed that Bitcoin ownership was very modest as compared to other mainstream investments. The survey revealed that a whopping 84% of the investors polled reported having invested in stock index funds or mutual funds. 67% said they owned individual stocks, and 50% had bonds. Interestingly the survey revealed that at 6%, Bitcoin ownership is more akin to gold, which 11% of investors say they own
Gallup Investor Optimism Index survey was conducted between June 22 and June 29, 2021. The poll was conducted among 1,037 investors in America aged 18 and older. The sample for the study was weighted to be demographically representative of the U.S. adult population with a maximum margin of sampling error of ±5%.
Risk perception associated with Bitcoin declined in three years
The poll also revealed that the risk perception associated with Bitcoin has also declined in the last three years. However, the poll also established that nearly all investors perceived BTC as a risky investment. However, the number of investors who term Bitcoin investments as very risky has declined from 75% to 60%. Only 5% viewed Bitcoin investment as not risky, while 35% said that it was somewhat risky.
Gallup believes that massive investment in Bitcoin by significant companies like Tesla, Square, and Morgan Stanley may be giving it more mainstream standing.
Another survey conducted in May and June among hedge fund executives and wealth managers revealed that 80% of the persons surveyed were already holding crypto assets intend to increase their holdings.