Bitcoin Investors in the US Tripled from 2% to 6% since 2018

Bitcoin Investors in the US Tripled from 2% to 6% since 2018

In a recent survey, it was found that Bitcoin attracted a lot of younger US investors in terms of awareness, interest, and ownership since 2018.

Over the past three years, the number of North American investors who hold BTC jumped from 2% to 6% as of June 2021.

The conducted study defined these investors as people with over $10,000 invested in stocks, bonds, and mutual funds.

In addition, the ownership of Bitcoin among investors who were under the age of 50 has more than tripled from 3% in 2018 to 13% in 2021.

This ownership was much lower at just 3% for the age group of investors over 50s, even though this also increased thrice from 1% in 2018.

Moreover, researchers noted that the modest ownership of Bitcoin can go against much more mainstream investments.

The survey showed that 84% of the polled investors stated that they had invested in stock index funds or mutual funds.

While 67% stated that they are owning individual stocks, and 50% said that they have bonds.

Also, 6% of these people stated that the ownership of Bitcoin is similar to having gold and 11% of them said that they also own the metal.

On other findings, it was revealed that the risk perception associated with the world’s largest cryptocurrency fell over the three-year period.

Furthermore, almost all of the surveyed investors see Bitcoin as a risky investment but the individuals who are calling it very risky declined to 60% from 75%.

Now, most of the remaining 35% consider the digital asset as somewhat risky while 5% think that it carries no risks at all.

The poll was conducted by Gallup Investor Optimism Index last June 22 to 29 this year among U.S. investors aged 18 and above.

Crypto Investments among Millionaires

In another survey, it was found that almost three-quarters of its millionaire respondents either already owned cryptocurrencies or planned to invest before 2022 ends.

Among 73% of the respondents have a bullish outlook toward digital assets which is a leap from 68% last 2019.

The participants of the survey were selected from the United States, the United Kingdom, the Middle East, Australia, and Latin America with over $1.32 million net worth.

An analyst stated that Bitcoin is one of the best-performing assets this year with a year-to-date surge of 125%.

This poll among millionaires was released on the same day that the total market cap of BTC hit a new all-time high of $336 billion.

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