A recent survey showed that BTC has gained awareness, interest and ownership among younger US investors over the past three years.
Study conducted by a global analytical and consulting company Gallup revealed that the number of investors in the US holding BTC jumped from 2% in 2018 to 6% from June 2021. The survey defines “investors” as adults with an investment of $ 10,000 or more in stocks, bonds or mutual funds.
Also stated that BTC ownership among investors surveyed under the age of 50, has more than tripled in the last three years to 13% from 3% in 2018. The ownership of a group of investors over the age of 50 has been much lower, at only 3%, although this has also increased threefold from 1% in 2018.
Scientists have noted that relatively modest ownership BTC may be in contrast to a larger number of current investments. The survey showed that 84% of investors surveyed said they had invested in equity index funds or mutual funds. As many as 67% say they own individual shares, and 50% say they have bonds. Gold is owned by 11% of investors.
The results come from the survey Gallup Investor Optimism Index, which took place between June 22 and 29, 2021. It contained 1,037 investors in America aged 18 and over. The sample for the study was weighted to be demographically representative of the adult population in the United States.
BTC is perceived as less risky
Other findings show that the perception of the risk associated with Bitcoins has decreased over a three-year period. Almost all surveyed investors perceived BTC as a risky investment, but the percentage that described them as “very risky” fell from 75% to 60%. Most of the remaining 35% consider BTC to be “a bit risky”, while only 5% think it does not carry any risks.
Gallup concluded that large investments in BTC from well-known companies such as Tesla, Square and Morgan Stanley could give it more credibility.
Even more than 80% of hedge fund managers and asset managers who already own cryptocurrencies want to increase their share.
Disclaimer: This article is for information purposes only and should not be construed as investment advice.
