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Survey reveals number of Bitcoin (BTC) holders in the US tripled since 2018

Fri 23 Jul 2021 ▪ 22h01 ▪ 3 min read — by Rudy Bauer

A recent survey has revealed that the number of US investors who own BTC has increased from 2% to 6% in three years.

Person holding gold and silver coins

Widespread interest in BTC grows

Results of the study conducted by analytics and advisory company Gallup showed that the share of Bitcoin holders among US investors has risen from 2% to 6% since 2018.

A total of 1,037 people aged 18 or older took part in the survey with an estimated 5% margin of error.

Gallup has noted a growing interest in the asset among US citizens under the age of 50. The share of Bitcoin investors in this age bracket rose from 3% to 13%. Among those born before 1971, it rose from 1% to 3%.

A shift in risk assessment.

The public perception of the first cryptocurrency has also improved. In three years, the percentage of respondents calling it “very risky” has declined from 75% to 60%. One in twenty declared this investment risk-free.

Traditional financial instruments are still preferred in investing. 84% of respondents reported having ETFs in their portfolios, 67% reported having invested in stocks and 50% have bonds.

Bitcoin as an investment vehicle is comparable to gold, which was owned by 11% of the investors polled.

Gallup concluded that interest in the first cryptocurrency from companies such as Tesla, Square and Morgan Stanley could boost Bitcoin’s credibility.

Back in October, researchers at Cambridge University registered 101 million cryptocurrency users worldwide.

Earlier, a Goldman Sachs survey showed that 45% of family funds are interested in digital assets and 15% have already invested in them.

According to Fidelity Digital Assets research, 70% of institutional investors expect to invest in crypto projects in the future.

A recent survey by Gallup has revealed a significant growth in the number of BTC investors in the US. Other results indicate that the perception of risk associated with Bitcoin has declined over a three-year period. As a number of earlier studies show, investing in digital assets has got potential to go mainstream in the future.

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Rudy Bauer avatar
Rudy Bauer

Photographe, Vidéaste, webdesigner et enfin rédacteur pour CoinTribune: l'image, le digital et la blockchain sont mon dada.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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