The results of a survey carried out by the Gallup company indicate that investment in Bitcoin is growing and that 13% of the adult population in the United States owns the cryptocurrency.
The market analysis company Gallup conducted a survey of the young adult population in the United States to determine their level of knowledge, acceptance and investment in Bitcoin (BTC), the cryptocurrency most important of digital markets. According to the published results of Gallup Investor Optimism Index, BTC is growing as an investment asset in the country's young adult population, aged between 18 and 49 years. The analysis firm indicated that 13% of these adults already have investments in Bitcoin.
In her report qualified “Bitcoin advances with younger US investors” Gallup shows that young adults are the most interested in investing in Bitcoin, unlike older adults who seem to prefer traditional investment products.
Likewise, the report indicates that in the last 3 years investment in cryptocurrency grew by 4%.
Source: Gallup Investor Optimism Index
By 2018, only 2% of US investors held bitcoins, down from 6% today. Gallup defines “American investors” as adults with $10.000 or more invested in financial products such as stocks, bonds or mutual funds inside or outside of a retirement fund.
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6% with investments greater than $100.000
The analysis firm's results show that 6% of American investors keep a sum of money of $100.000 or more invested in bitcoin. In addition, it points out that male investors are the most attracted to the crypto market and that they have three times more investments in bitcoin than women. According to the data, 11% of US investors who are participating in cryptocurrency investments are male, while 3% are female.
For those interviewed by Gallup in favor of Bitcoin, the cryptocurrency will continue to advance and gain ground as an investment asset with great potential in the market. The firm assures that currently, fewer investors have been less reluctant to the possibility of investing in this crypto asset.
The survey conducted by Gallup was applied to American citizens within the framework of the Investor Optimism Index corresponding to the second quarter of this year.
Greater knowledge to invest in Bitcoin
Since 2018, the possibility of generating value through investing in BTC has captivated more investors in the United States. Currently, 34% of American investors are more open and interested in acquiring the cryptocurrency, compared to 26% in 2018, the firm indicated.
Also, Gallup points out that interest in investing in Bitcoin is accompanied by greater knowledge of how this cryptocurrency works. According to the results, awareness and risk perception about investing in cryptoassets has grown considerably in the last 3 years, accompanying the growing interest of investors in bitcoin.
Currently, 38% of US investors reported having knowledge about Bitcoin and cryptocurrencies, up from 29% in 2018. Of these investors, 62% are young adults between 18 and 49 years of age.
Source: Gallup Investor Optimism Index
On the other hand, disinterest in investing in bitcoin fell from 56% in 2018 to 38% today, so now much less than half of American investors say they have no interest in purchasing the cryptocurrency.
Investors, Bitcoin and cryptocurrencies
Despite the drop in value of Bitcoin and cryptocurrencies this second quarter, investor interest in exposure to the crypto space has been increasing. World-renowned financial institutions such as JPMorgan y Goldman Sachs They are developing new investment products to meet the growing demand of their investors and clients for crypto assets.
Recently, JPMorgan, which is one of the largest and oldest investment banks in the world, reported that its retail and wealthy investors can participate in cryptocurrencies through the investment products of Grayscale Investment and Osprey Funds, with a direct request to your financial advisors. Likewise, Goldman Sachs stated that its family office clients are asking for investment products that guarantee exposure to cryptocurrencies and digital assets.
Also, important commercial banks such as US Bank, BNY Mellon y Société Générale They are working on new financial services with Bitcoin to bring the potential of this cryptocurrency closer to their investors, clients and users. Companies like View, Mastercard y Paypal They are also adopting cryptocurrencies to accelerate and grow their services. The e-commerce giant Amazon is the last of the world's large technology companies to announce the possibility of adopting cryptocurrencies to offer more efficient, reliable and secure services.
More crypto investment instruments
Last week, the enterprise-level bitcoin custody company Fidelity Digital Assets manifested that 7 out of 10 institutional investors in the United States and other parts of the world will invest in Bitcoin in the next 5 years.
Although volatility remains one of the biggest obstacles to massive investment in this cryptocurrency, several specialized companies in the industry are seeking approval from regulators to create new investment instruments that allow investors a safe entry into the crypto space.
En este sentido, Stone Ridge Asset Managements the latest investment manager in announce a new investment fund that allows exposure to bitcoin that is seeking approval from the United States Securities and Exchange Commission (SEC). Companies like vaneck, Ark Investment Management, 21Shares y Wisdom Tree They are also seeking approval from the financial regulator to create a Bitcoin exchange-traded fund (ETF) in the United States.
Continue reading: US Bank and other banks bring Bitcoin closer to investors, clients and users
