Fun

This Year’s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin

News Feed - 2021-07-25 10:07:20

This Year"s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin


Young U.S. investors are more interested in bitcoin investments than they were three years ago, according to a poll stemming from the Gallup Investor Optimism Index. This year’s poll surveyed 1,037 participants and findings suggest 6% of American investors own bitcoin. American Bitcoin Investors Increase by 4% in 3 Years


The American survey and analytics firm Gallup has published new findings from a recent survey the company did on bitcoin investing. The firm’s survey called the Gallup Investor Optimism Index explains there is “more momentum among investors younger than 50.” Gallup poll findings on June 2021 stemming from the Gallup Investor Optimism Index.


In 2018, Gallup’s last report had shown that only 2% of investors own bitcoin but in 2021, that metric has increased to 6%. The American adults that participated said they owned roughly $10K in investments like equities and bonds. Further, Gallup’s researchers say that the number of owners increases for younger generations.


“Ownership is up a more impressive 10 percentage points, to 13%, among investors aged 18 to 49,” Gallup’s latest report notes. “It remains minimal among investors aged 50 and older; just 3% now say they own it, versus 1% three years ago.” Gallup’s report adds: 8% of those with less than $100,000 invested and 6% of those with $100,000 or more invested currently own it. Separately, Gallup finds male investors are over three times as active as female investors in the bitcoin market, with 11% of male investors and 3% of female investors now owners. Gallup Survey Says Bitcoin Investment ‘Is More Akin to Gold’


Gallup’s study says that bitcoin owners can be compared with mainstream investments like stocks and mutual funds. 84% of those polled invested in either stock or mutual funds while 67% owned individual equities. Researchers note that bitcoin investing is “more akin to gold” which captures 11% of the investor’s portfolio, while 50% of respondents hold bonds.



Adversity toward bitcoin has softened since the last survey as well, as only 58% said they have zero interest in investing. In 2018, 72% of the polled participants said they have no interest in ever buying bitcoin. Adding to the 6% who already own bitcoin, another 2% said they will likely purchase the crypto asset in the future. 35% of those polled, stressed that they are intrigued by bitcoin but “won’t be buying it anytime soon.”


Gallup’s poll concludes by noting that three years ago, a very small percentage of American investors were interested in bitcoin and a very small fraction owned the crypto asset. Since then, researchers attribute the growth to easier purchasing methods and “large investments in bitcoin by well-known companies such as Tesla, Square, and Morgan Stanley.”


“Perhaps, as a result, bitcoin is inching closer to general acceptance among U.S. investors,” Gallup researchers conclude. “Particularly with those under age 50. Not only do 13% of these relatively young investors own it, but their familiarity with it and willingness to buy it have risen to majority levels.”


What do you think about the 2021 Gallup poll about bitcoin ownership? Let us know what you think about this subject in the comments section below. Group of Salvadorans Take to the Streets to Protest El Salvador"s New Bitcoin Law NEWS | 1 day ago Circle K Deploys Bitcoin ATMs in Stores Across US and Canada — Over 700 Machines Already Installed NEWS | 1 day ago Tags in this story $6, 1000 Americans, american investors, Bitcoin (BTC), bitcoin investments, BTC, data, equities, Gallup Investor Optimism Index, Gallup poll, interest in bitcoin, Polled Participants, report, Research, Stats, stocks, study, Survey, U.S. investors, young investors, younger generation, youth


Image Credits: Shutterstock, Pixabay, Wiki Commons, Gallup poll, Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Australia Issues White Paper for Central Bank Digital Currency
Australia Issues White Paper for Central Bank Digital Currency Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The mon
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage South Korea’s supreme court has upheld the ruling for Bithumb, the country’s larges
Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption
Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption British investment management firm Ruffer has revealed that its bitcoin
Neither Joe Biden nor Donald Trump are crypto champions
Nicholas Anthony1 hour agoNeither Joe Biden nor Donald Trump are crypto championsPresident Joe Biden hasn"t taken a particularly friendly stance toward cryptocurrency. On the contrary, he"s been a lot like his predecesso
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country"s Muslim Population Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhamm
A few lessons I learned as an institutional trader
Chris Newhouse7 hours agoA few lessons I learned as an institutional traderAs an institutional trader, I learned not to borrow too much in leverage from the exchange I was trading on, and to be right more often than I wa
Marcel Pechman2 hours agoNo, Bitcoin withdrawals from exchanges are not inherently bullish for cryptoTraders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise.1943 Total vie
Derek Andersen3 hours agoIMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting themIncome tax, property tax, VAT, corrective taxation — there is a tax goldmine out there for governments, b
Paypal Opens Crypto Services to Millions of Eligible Account Holders in the US
Paypal Opens Crypto Services to Millions of Eligible Account Holders in the US Payment processing giant Paypal announced on Thursday that “all eligible Pay
Derek Andersen4 hours agoRegulated Liability Network identifies proof-of-concept use case with digital poundThe RLN, which places tokenized assets and liabilities on the same ledger, was tested with simulated cross-borde
Stacks (STX) price outperforms the market as interest in layer-2 Bitcoin grows
Nancy Lubale5 hours agoStacks (STX) price outperforms the market as interest in layer-2 Bitcoin growsSTX emerges as a top performer as market participants’ interest in layer-2 Bitcoin continues to grow.542 Total views2
Amazon faces UK merger probe over $4B Anthropic AI investment
Tristan Greene7 hours agoAmazon faces UK merger probe over $4B Anthropic AI investmentMicrosoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition.588 Total