A recent Gallup survey showed that the number of investors owning Bitcoin has tripled since 2018. US investors are showing increasing interest in the digital asset. The number, which was 2% in 2018, has tripled in 2021 as that number is now 6%. The surveyed investors were investors who owned stocks, bonds, and / or cross-bonds worth $ 10,000 or more.
The proportion of investors ages 18 to 49 had risen 10 percentage points to 13%, up 10% from just 3% in 2018. While investors ages 50 and older said they owned Bitcoin, only 3 said they owned Bitcoin % on. Compared to 1% in 2018, the number has tripled in the past three years.
Bitcoin risk tolerance on the rise
From 2018 until today, the number of investors who think Bitcoin is “too risky” to invest has steadily declined. The survey found that after the 6% of investors who confirmed they already own Bitcoin, another 2% of investors said they were most likely to buy into the digital asset in the near future. Compared to 2018, less than 0.5% of investors had indicated that they would likely buy the cryptocurrency in the near future.
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The number of investors who said they never buy Bitcoins has also fallen. The 2018 survey showed that 72% of investors said they would never consider buying in Bitcoin and showed absolutely no interest in the digital asset. Now that number has dropped from 72% to 58% saying they would never consider buying into the digital asset.
The survey also consisted of a section with investors curious about the digital asset but who didn’t think they would buy the asset anytime soon. The proportion of investors in this category was 34%, up from 26% in 2018 who said they were intrigued but would not invest in the asset.
Age and gender differences
Gallup’s survey also showed that information was segregated by age group and gender. Bitcoin ownership had risen across the board. Interest in the digital asset had also increased among the surveyed investors compared to the data from 2018.
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The report showed that the percentage of women who currently own bitcoin in the US is currently 3%, down from 1% in 2018. While men, the number of investors who own the digital asset in 2021 is now 11%, this is a huge increase compared to 2018, only 3%.
Age differences also showed a clear demarcation. Investors ages 18 to 49 were more likely to own the digital asset, and investors over 50 were less likely. Older investors who had no interest in ever buying or owning the digital asset were the highest of all groups at 80%.
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The gender gap among investors in relation to Bitcoin was the same everywhere. Male investors were more likely to own or invest in Bitcoin than female investors.
The mood towards the digital asset has turned more positive in the last three years. The proportion of investors who rated the asset as “very risky” in 2018 was 75%, now it is only 60%. 35% of investors still considered the asset to be “somewhat risky” while 5% said they did not consider the asset to be “not too risky” or “not at all risky”.
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