New Gallup Poll Reveals Only 2% of US Buyers Own Bitcoin, But 26% Are ‘Intrigued’

The final results of a Wells Fargo/Gallup poll released July 27 finds that only two p.c of U.S. buyers personal Bitcoin, but 26 per cent are intrigued by it.

The on-line study was done May possibly 7-14, 2018 among  U.S. investors with extra than $10,000 in stocks, bonds or mutual funds. The benefits show that the overpowering vast majority of traders who have previously heard of Bitcoin will not be investing in the top cryptocurrency any time soon, with 72 per cent indicating they “have no fascination in at any time acquiring Bitcoin.”

In accordance to the facts from the poll, even nevertheless 96 % of buyers experienced listened to of Bitcoin, “only about three in 10 buyers (29%) say they know some thing about digital currencies,” with 67 per cent stating they have heard of them but do not know a lot about them.

Even even though the original intention driving Bitcoin includes its use as a indicates of payment, or “electronic cash”, it’s high volatility has created it “more well-liked as a higher-hazard/high-reward financial investment than as an on the web forex — despite the fact that acceptance of Bitcoin for electronic payments is rising.” The success of the survey demonstrate that 75 per cent of respondents check out an expenditure in Bitcoin to be “very dangerous,” with 23 % saying it was “somewhat risky.”

The data on gender and age demonstrate that younger men are the most probably demographic to “say they know a little something about bitcoin or other electronic currencies.” The report also states that “[r]elated to the age variances, investors with a lot less than $100,000 in investments (who tend to be more youthful) are extra likely to be acquainted with the innovation than those people with better asset ranges.”

A examine on Americans and cryptocurrencies commissioned by in February showed that 8 per cent, or around 26 mln, of People have already acquired cryptocurrency.

A current report on the top 10 crypto tasks that raised a least of $1 million in 2017 disclosed that on normal every single showed a return on expenditure of more than 136,000 p.c.

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