The number of Bitcoin owners has tripled since 2018: Gallup survey

A recent survey found that for the past three years, Bitcoin has attracted young investors to the US in terms of notoriety, interest, and ownership.

Research by global consulting and analytics firm Gallup has found that the number of US investors holding BTC rose from 2% in 2018 to 6% in June 2021. Research defines “investors” as adults with invested capital of $ 10,000 or more. in stocks, bonds, or mutual funds.

Bitcoin ownership among surveyed investors under the age of 50 has also been reported to have increased from 3% in 2018 to 13% over the past three years. No wonder the ownership was announced. although that has also tripled from 1% in 2018.

The researchers note that the relatively modest ownership of Bitcoin may contrast with more mainstream investments. The survey found that 84% of surveyed investors said they had invested in a stock index fund or mutual fund, while 67% said they owned individual stocks and 50% owned bonds.

“At 6%, owning Bitcoin is more like gold, 11% of investors say they own.”

The survey results come from the Gallup Investor Optimism Index survey, which was conducted June 22-29, 2021 among 1,037 US investors aged 18 and over. The sample for the weighted study was demographically representative of the adult US population with a maximum sampling error of ± 5%.

Connected: Survey of millionaires shows that 73% own cryptocurrencies or want to invest in cryptocurrencies

Other results show that bitcoin-related risk perception has decreased over a period of three years. Almost all of the investors surveyed consider BTC to be a risky investment, but the percentage they consider “very risky” has dropped from 75% to 60%. Most of the remaining 35% now consider it “somewhat risky” while only 5% consider it to be risk-free.

Gallup concluded that large investments in Bitcoin by well-known companies like Tesla, Square, and Morgan Stanley could give it more credibility in the mainstream.

A similar survey of institutional investors in May and June found that over 80% of the hedge fund managers and wealth managers surveyed held crypto assets.