Gallup Poll Shows Only 2% of US Investors Own Bitcoin, But 26% Are ‘Intrigued'

[alyssa85]

https://cointelegraph.com/news/new-gallup-poll-shows-only-2-of-us-investors-own-bitcoin-but-26-are-intrigued

The results of a Wells Fargo/Gallup poll published July 27 finds that only two percent of U.S. investors own Bitcoin, but 26 percent are intrigued by it.

The online survey was conducted May 7-14, 2018 amongst  U.S. investors with more than $10,000 in stocks, bonds or mutual funds. The results show that the overwhelming majority of investors who have already heard of Bitcoin will not be investing in the leading cryptocurrency any time soon, with 72 percent saying they “have no interest in ever buying Bitcoin.”

According to the data from the poll, even though 96 percent of investors had heard of Bitcoin, “only about three in 10 investors (29%) say they know something about digital currencies,” with 67 percent saying they have heard of them but don’t know much about them.

Even though the initial intention behind Bitcoin involves its use as a means of payment, or “electronic cash”, it’s high volatility has made it “more popular as a high-risk/high-reward investment than as an online currency — although acceptance of Bitcoin for electronic payments is growing.” The results of the survey show that 75 percent of respondents view an investment in Bitcoin to be “very risky,” with 23 percent saying it was “somewhat risky.”

There is potential for a lot of new money to come into cryptocurrency.

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[o_e_l_e_o]

2% of people who already have invested over $10,000, so presumably an even smaller percentage of people who have invested less than that or have no investments at all.

There is certainly the potential for a lot of new money, but I think we are looking at 10+ years until we get some semblance of widespread adoption.

[virendarnagpal]

Oh my God ; wonderful information.  Such a large number in USA population does not knowing about bitcoin.  I was of the view that every body in developed nations will be well known to crypto or atleast bitcoin.  But it's just opposite to my opinion.
I thought that people in third world or developing nations only do not know about crypto.
So I think it's good news too for bitcoin and other cryptos.  Slowly the people  are coming in the fold of crypto / bitcoin fold; so definitely the inflow in the crypto / bitcoin market will increase in the years to come.
So bright chances for crypto world.

[DianaZher3]

This is 100% true and as far as I know, statistics in all countries are almost the same. The crypto currency attracts many people and there is still more potential for its growth in the future.

[BrewMaster]

if i recall correctly this poll was conducted back in 2017 which was in the middle of the heat of the rises. so obviously when you asked any investor whether they wanted to own bitcoin they would have said yes. it is in fact surprising that the percentage is low but understandable at the same time because bitcoin adoption is still so low that it can be considered non existent! not to mention all the FUD that keeps trying to push investors away.

[jjacob]

If you think that 2% of US investors owning BItcoin presents an opportunity, try asking the same question in India or China. The percentage there will be in decimal points. And these countries have much bigger populations and would be the drivers of growth going forward. Convincing these people to put their hard earned money into Bitcoin won't be easy though.

[sidneycrypto6]

Crypto market is become popular day by day. People aremore interested to involve in crypto market. I believe crypto market have the enough  potential to become the best currency in allover the world.

[jseverson]

if i recall correctly this poll was conducted back in 2017 which was in the middle of the heat of the rises. so obviously when you asked any investor whether they wanted to own bitcoin they would have said yes. it is in fact surprising that the percentage is low but understandable at the same time because bitcoin adoption is still so low that it can be considered non existent! not to mention all the FUD that keeps trying to push investors away.

Wait what? The article says the survey was conducted in May this year. Or were you referring to a similar survey?

But yeah, I'm kind of interested as to how much these serious investors actually have in Bitcoin, and what would make those who aren't interested to reconsider their stance. Bitcoin still has a huge untapped market for sure, but this survey doesn't paint a very pretty picture of how it is currently doing in the eyes of traditional investors. It just seems like we're stuck in a paradox where we need more adoption to drive more adoption.

[donhill]

The crypto market has now spread far more than ever. Where new fields have been created, as well as opportunities for the arrival of new coins. I think new coins will really do well. Their ICO and the future will be potential and secure. Which is the good sign of cryptocurrency.

[magneto]

The sample is also taken in already established investors with at least moderate amount of wealth stored in investments.

Still, the rates of bitcoin ownership are extremely low. I'm fairly sure that if you expand the sample to the entire population, the rates of bitcoin ownership will be even lower than the poll suggests, meaning that we're well and truly still in the very early adoption stage.

The main theme here though is that people know about bitcoin, they are interested in it, but don't know enough or don't yet understand the reasons to hold bitcoin. This is a lot of potential, IMO, as all of these people who are interested in bitcoin will most likely take it up as an investment actively sooner or later.

[pitiflin]

Well, you are asking stock market investors. Don't believe that poll, not questioning the legitimacy of the poll here, but I don't believe a single word that these stock market investors say. They are known for deceiving people. In reality there are quite a lot of investors in bitcoin, they just don't want to admit it out in the real world for many reasons, one of them being they don't want to be embarrassed/ashamed because they are stock market investors.

Wait what? The article says the survey was conducted in May this year. Or were you referring to a similar survey?

But yeah, I'm kind of interested as to how much these serious investors actually have in Bitcoin, and what would make those who aren't interested to reconsider their stance. Bitcoin still has a huge untapped market for sure, but this survey doesn't paint a very pretty picture of how it is currently doing in the eyes of traditional investors. It just seems like we're stuck in a paradox where we need more adoption to drive more adoption.

They have a considerable amount invested, not more than what they have invested in stock, but a considerably bigger, bigger than a middle class investor. If my memory serves right, there were so many surveys on these, and all of them derived different results. I would also like to remind people on what happened last year. Jamie Dimon told people that bitcoin is garbage, its a bubble, but in reality, he spent a shitload on money buying it.

[MatthewNaccarato]

Given the US is a developed country, for it to have so little investors are a huge shock. Plus there are countries like Nigeria who are actively taking part in this market. Maybe the people are not literate enough in the US to know about this market, which is a shame.

[DiamondsAndCoins]

I think when we get the blockchain just a tad more user friendly we will have a mass migration over from Fiat/stocks to Bitcoin/altcoin.  I think the governments want this especially if they can co-opt this movement to replace the dying fiat system. 

[Flin+piclo]

I will not suggest any blogger or blog site indivisually but would like to express my views regarding it. I prefer using google search to know about any recent matters about blockchain and study every source I can find. But I prefer Bitcointalks discussion, Reddit blogs, coindesk etc. I also would like to mention Steven Johnson for his excellent Blogging about Blockchain technology.

[cryptohopes]

This news is true for me. Crypto is one of the most popular digital currency in the world. Many people invest here also new investor want to come and invest this sector. It will definitely have a bright future.

[sponge_bob13]

I am totally agree with this information. And it a true statistic as far I know. Crypto is attracting many people all over the world. Its popularity increase day by day. I see a it will potential growth in future.

[taiwww]

But the real question is why so much less % of investors are into the bitcoin? We know that its almost a decade journey for the bitcoin and it should have been very very popular in the country like U.S.

I think people are scared of using the bitcoin in this country due to the fact that there is ban over ICO's, use of altcoins etc. However they do recognise bitcoin as taxed asset so it should not be problem for them.

So thinkable question is why tiny % of public and why not bigger audience is into the bitcoin.

If we know the reason then we can say surely there is going to be big money flooding into the crypto soon.

[davis196]

2% of people who already have invested over $10,000, so presumably an even smaller percentage of people who have invested less than that or have no investments at all.

There is certainly the potential for a lot of new money, but I think we are looking at 10+ years until we get some semblance of widespread adoption.

I'm curious how many people represent those 2%?
100,000?One million?When organizations like Gallup post the poll results,they have to reveal the actual amount of people,not just the percentage.26% interested in crypto means a lot of potential,but this potential can also be wasted.Imagine if USA really bans crypto trading and mining(this is still an option).How many americans will be "intriqued" then?

[ShawnJessie]

Upon statistics everyone tries to manipulate the market. Either for their own good or just to lure people away. Hopefully, some of them are trying to make some investment on bitcoins and let others know how it works and  benefits it's users.

[audaciousbeing]

The title of the thread is largely misleading it should have been '' 2% of investors in stocks in the US own bitcoin'' as against the current title. I don't see any big deal in the report just like if a study is carried out among crypto investors to know the number that still invest in stocks, I am sure that the number would be lower than the 2% recorded in the former research. Its alarming for people to blow survey reports out of proportion without taking time to understand what the study is all about, the targeted population and the variances attached to that study.

The point is, whatever works for any investor, should be carried out, if its crypto, its fine, if its stock you are open to, all well and good there is no point trying to establish a relationship between the two and looking for cross investors on the two options in other to wipe up sentiments that does not exist in the first place.