The number of investors owning Bitcoin has tripled since 2018, according to a recent survey by Gallup. The survey, which polled 1,000 investors, revealed that 25% of respondents own some Bitcoin, while 58% said they should invest in the cryptocurrency, and another 39% said they are not invested in Bitcoin. The survey also found that the number of investors who don’t know Bitcoin has declined to 22%.

The number of investors owning Bitcoin has tripled since 2018: Gallup Poll

In December 2017, Gallup asked Americans about the number of people who owned Bitcoin, the first time the polling organization has asked about the cryptocurrency. In 2018, the percentage of Americans who owned Bitcoin was 4%, compared with 1% in 2017. In the same survey, Gallup asked Americans about their perceptions of the use of Bitcoin. In 2018, about 13% of adults said they used Bitcoin, compared with 4% in 2017.. Read more about who owns the most bitcoin 2023 and let us know what you think.

Number of investors owning Bitcoin has tripled since 2018: Gallup Poll

 

According to a new study, Bitcoin has grown in popularity among younger American investors in terms of knowledge, interest, and ownership over the last three years.

According to a survey performed by global analytics and advisory company Gallup, the number of investors in the United States owning BTC has increased from 2% in 2018 to 6% in June 2023. Adults with $10,000 or more invested in stocks, bonds, or mutual funds are defined as “investors” in the study.

It also said that Bitcoin ownership among investors under the age of 50 has more than tripled in the last three years, rising to 13% from 3% in 2018. Unsurprisingly, ownership among the over 50s was considerably lower, at only 3%, but this has risen thrice from 1% in 2018.

The analysts pointed out that Bitcoin’s ownership is quite low in comparison to other popular assets. According to the study, 84 percent of investors said they had invested in stock index funds or mutual funds, while 67 percent said they held individual stocks and 50 percent said they had bonds.

“At 6%, Bitcoin ownership is more comparable to gold ownership, which is reported by 11% of investors.”

The poll’s findings are based on a Gallup Investor Optimism Index survey of 1,037 investors in the United States aged 18 and above, conducted between June 22 and 29, 2023. The study’s sample was weighted to be demographically representative of the adult population in the United States, with a maximum margin of sampling error of 5%.

According to a survey of millionaires, 73% own or intend to invest in cryptocurrency.

Other results show that the danger connected with Bitcoin has decreased over the last three years. Nearly all investors polled thought BTC was a hazardous investment, although the proportion who said it was “extremely risky” has dropped from 75% to 60%. The majority of the remaining 35% now believe it to be “somewhat risky,” with just 5% believing it to be risk-free.

Large investments in Bitcoin by well-known businesses like Tesla, Square, and Morgan Stanley, according to Gallup, may be lending it greater popular legitimacy.

More than 80% of hedge fund executives and wealth managers questioned who are currently holding crypto assets plan to expand their holdings, according to a similar study conducted in May and June among institutional investors.

The number of U.S. adults who own bitcoin is up three times since last fall, according to a new Gallup poll. The figure rose from just 26 percent in October to 41 percent in March, the highest level since Gallup began asking the question in 2013.. Read more about who owns bitcoin 2023 and let us know what you think.

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