Gallup poll shows 26% of US investors are intrigued by Bitcoin
The Wells Fargo/Gallup Investor and Retirement Optimism Index poll shows investors are intrigued by BTC, but still consider it to be a risky investment.Tweet this
The second quarter’s “Wells Fargo/Gallup Investor and Retirement Optimism Index” poll was conducted over May 7-14, and surveyed over 1900 people about their interest and knowledge of Bitcoin.
Participants of the online survey were U.S. adults with “$10,000 or more invested in stocks, bonds or mutual funds, either within or outside a retirement savings account.”
The poll revealed that while only 2% of US investors currently own Bitcoin, 26% are intrigued by the popular cryptocurrency, but still believe it to be a risky investment.
The survey results show that millennials are truly at the leading edge of the crypto movement, as almost 50% of people age 18-49 are knowledgeable on the subject to some degree.
Surprisingly, even with all the talk of cryptocurrency on the news, 78% of people age 50-64 know nothing about Bitcoin and only 16% of Crypto Grammy‘s senior citizen friends know of the top-ranking digital currency.
Even though many people have friends that have made big gains in the crypto space over the last 24 months, the majority of surveyed investors still consider Bitcoin to be “very risky” and unfortunately won’t be buying “anytime soon.”
The report, authored by Lydia Saad, stated: “Bitcoin, the leading form of digital currency that has seen its price soar, crash and rise again in the past year, has made little headway with U.S. investors.” However, Bitcoin’s volatility does make it very attractive to the smaller percentage of traders who like to live on the edge.