(36%) of U.S. investors would consider buying bitcoin

[hugeblack]

It is surprising to see an increasing number of those who know Bitcoin (& cryptos) and some of them are seriously considering investing in it.

This quote from digital currency asset manager Grayscale Investments found :

more than a third (36%) of U.S. investors would consider buying bitcoin, representing a potential market of more than 21 million investors in the general population.

A survey found that there is a significant crossover between BTC and gold investors in these values:

Some 69% of investors interested in bitcoin see gold as a good investment (versus 55% of all investors) and 65% say they definitely or probably would invest in gold (versus 41% of the general pool).

Read More & Source -----> There Could Be A Sudden Influx Of Bitcoin Investors

[fiulpro]

Considering and really buying is poles apart , but seeing this number increase over the years is a good thing for not only US but the whole world because trust me many countries follow US.
The only loop hole is them being ridiculously double sided when it comes to cryptocurrencies , you could see one investing in it and as soon as it's given a bad reputation they follow this .
This sheep trail regarding the cryptocurrencies does very less good .
But Gold still holding it's investors high despite slow growth just shows us how people are favouring less risk , less profit situations.

[casperBGD]

it is a good news definitely, to see rise of this figure from poll to poll
percent is high, considering is not buying, but with this figure considering it, we will see influx of buyers on the market, penetration is significantly below these numbers at the moment

[Indamuck]

Consideration could just mean reading a little article about bitcoin.   The actual number of people that will put their money on the line after seeing something drop over 80% is still really low.  Elderly people don't want to risk their live savings on something so speculative.  If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.

[asajapheth]

I would consider building a mansion by the sea side in a very quiet island. But that's just mere thinking about it. In actuality I may not even build that house if I have the funds tomorrow.

It's one thing to "want to invest" and another to "consider to invest." When thoughts crosses a person's mind, he can consider to act or not to act on it.

[target]

Consideration could just mean reading a little article about bitcoin.   The actual number of people that will put their money on the line after seeing something drop over 80% is still really low.  Elderly people don't want to risk their live savings on something so speculative.  If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.

The numbers in surveys like this isn't always as accurate but its something to gauge. More people are going to cryptocurrency investment when they learn about it and Its those believers that we are after. We can leave the traditional people be traditional but come the adoption as its gradual, they will start learning all these cryptocurrency technology thru the phones.

[eaLiTy]

It is surprising to see an increasing number of those who know Bitcoin (& cryptos) and some of them are seriously considering investing in it.

It is not a big surprise to see more people wanting to invest in bitcoin, if you look at the performance of financial assets in the past two years you will understand that bitcoin has outperformed all other financial assets by a large margin and hence you will find many investors to have bitcoin in their portfolio even though it is a highly volatile asset people would add bitcoin to their portfolio simply because of the returns it can give in a short period of time and with proper financial asset manager the risk will reduce considerably.

[exstasie]

I would consider building a mansion by the sea side in a very quiet island. But that's just mere thinking about it. In actuality I may not even build that house if I have the funds tomorrow.

It's one thing to "want to invest" and another to "consider to invest." When thoughts crosses a person's mind, he can consider to act or not to act on it.

Baby steps, that's all we can really ask for. Back in 2010, can you imagine what this percentage would be? Less than 1%, I'm sure. Back in the day, people saw Bitcoin as a novelty, a Ponzi scheme, a currency for criminals. In just 10 years, 36% of investors are open to it? Pretty amazing if you ask me!

[deisik]

If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last

It seems to remain an open question still

In fact, when you have already accumulated a significant amount of wealth with some less risky asset or assets (like government bonds, gold, etc), your appetite for riskier assets is likely to increase, which is somewhat counterintuitive. It's something like the law of diminishing marginal utility applied to wealth accumulation. According to this law, it can be said that the more wealth you already gathered, the less interested you become in gathering it with your current instruments as you will necessarily be earning less and less percentage wise over years. So you are kinda pushed towards riskier investments and assets which could offer you a more satisfying percentage (compared to what you have already secured)

[Kemarit]

Consideration could just mean reading a little article about bitcoin.   The actual number of people that will put their money on the line after seeing something drop over 80% is still really low.  Elderly people don't want to risk their live savings on something so speculative.  If you already have a nice amount of wealth saved up there is no point to risk it on one of the riskiest assets, no one knows how long bitcoin will last.

Technically we know how long Bitcoin will last so at least we can answer that. Of course, elderly might can want to spend their retirement plan to some less riskier traditional investments. But maybe just a small percentage are willing to invest still maybe 10% of their total asset to see how it goes.

@deisik put a good argument, as human, we always seek adventure even as we age. And just imagine milennials and young generations who have accumulated wealth very early, it's possible that they can see bitcoin or crypto in general as a good choice to park their money, IMHO.

[joniboini]

If they only look at the price history, then they'd be fine with buying $1000 and wait for 5 years. $1000 is probably a very small amount if you've already built enough wealth before, and the risk-reward ratio is really good. You won't get %500 in 5 years with traditional investment. At best, it would probably give you x2, or 50% from your initial investment. But that's fine because if you invest 500 million you'd get 250 million.

That's how people will think, probably. Set a limit to invest in risky assets and invest more on less risky but guaranteed returns.

[Betwrong]

more than a third (36%) of U.S. investors would consider buying bitcoin, representing a potential market of more than 21 million investors in the general population.

Well, I can't blame them for that. Americans had been told for years that Bitcoin is a bubble and that investing in it is insanity. Most of them had listened to the advice of "experts" and never invested in Bitcoin, but those who decided to take risks despite the persistent cautions, have made good money along the way.

And now, when BTC after dropping from almost $20k to almost $3k has started rising again instead of going to zero, as those experts predicted, people have decided to stop believing them. Quite a logical decision, if you ask me.

[aioc]

They are only figures that will not have an impact on the market, unless that "would" turn to the will or have invested we will see a different market and possible another all-time high in the making, something should happen to make that 32% invest in Bitcoin.

[shield132]

To be fair it's not surprising to see that the number of investors are significantly increasing in bitcoin. This cryptocurrency deserves even much more attention that it has nowdays, along with blockchain technologies.
Btw 36% isn't small number but at the same time Trump isn't fan of bitcoin, seems a little conflict there.
Btw I still didn't understand why people compare gold to bitcoin, despite the fact that they are investment options, they are far more different from each other.

[davinchi]

United states citizens are actually one of the many country’s citizens that fully understand the technology of bitcoin perfectly well and it really suits their situation more, because when it comes to Americans, they pay task a lot, and with bitcoin payment system, this would be limited to zero completely. I think trump must have seen the adoption rate coming so high which is why he quickly ushered in those negative words about bitcoin, but it is already too late because many countries are now becoming very friendly with the technology of cryptocurrency.

I am sure that in near future, the percentage of adopters from US will be higher than every other countries and I don’t know why Binance is making such mistake of getting the US citizens out of their exchange when it is now that they will be more useful to them. Well, they have coinbase.

[1Referee]

Btw I still didn't understand why people compare gold to bitcoin, despite the fact that they are investment options, they are far more different from each other.

It's just how Bitcoin is growing as an alternative to Gold, hence people referring to it as Gold 2.0 or digital Gold. I don't mind it at all (I refer to Bitcoin as digital Gold too) because both serve quite a similar purpose in the way that people buy it to hedge fiat and think it's a safe haven asset in times of political chaos, etc.

Gold's industrial demand is very low compared to its speculative/store of value demand. I am certain that Gold will keep increasing throughout the years, which means that its industrial demand will keep shrinking further. Gold bugs praise its industrial demand, but it's going to lose more and more in that field. Alternative metals will be used because Gold will be too expensive to use in every day electronics.

[BellIcon]

That sounds kind of low. I wonder what the reason for the 64% not wanting to invest is.

[timerland]

Not sure how accurate that survey is. Previous surveys have showcased that 10 percent of the US people have BTC, which seems a bit farfetched. Could be possible, but 1/10 people owning BTC sounds almost impossible to me, especially the number of crypto companies that restrict US users from using them.

That sounds kind of low. I wonder what the reason for the 64% not wanting to invest is.

Probably a lot of people that aren't technologically advanced and are not interested in learning about new online investment options and would rather stick to traditional investments like gold, stocks or bonds.

United states citizens are actually one of the many country’s citizens that fully understand the technology of bitcoin perfectly well and it really suits their situation more, because when it comes to Americans, they pay task a lot, and with bitcoin payment system, this would be limited to zero completely. I think trump must have seen the adoption rate coming so high which is why he quickly ushered in those negative words about bitcoin, but it is already too late because many countries are now becoming very friendly with the technology of cryptocurrency.

I am sure that in near future, the percentage of adopters from US will be higher than every other countries and I don’t know why Binance is making such mistake of getting the US citizens out of their exchange when it is now that they will be more useful to them. Well, they have coinbase.

I wouldn't say that the US people understand BTC and how decentralization works due to the large numbers of people who support companies like Coinbase (which literally goes against what BTC was made to do). Although, I do see a lot of updates and changes to the regulations of crypto-currencies and this is good for the scene on the whole.

I'd like to see a future where most online stores based in the US accept BTC, and people support the technology behind BTC, and don't just see as an investment option.

[freedomgo]

It does not need to be accurate but the fact that there are a lot of investors who are interested in investing with bitcoin, I see that as a good thing for the market. When they are interested, that's the time that our dream of having institutional investors might come into reality and we know how big it will positively affect the market.

[bryant.coleman]

I am not much excited with this news. According to the source, some 21 million would consider purchasing Bitcoin. The current number of Bitcoin users in the United States is somewhere close to this figure (or may be even higher than this). It is the demographic breakup that matters. I want to know how many of the middle-aged investors would be ready to invest in Bitcoin, when compared to those in their teens and early 20s. I suspect that a disproportionately high number may be from the under-30 age group, and that will reduce the volume of the available funds.

The good news here is that the number of Bitcoin users have risen over the past two years (despite the steep correction during 2018-19) and the public sentiment remained positive. Hopefully these figures will get better with the upcoming block reward halving.