Categories: BitcoinNews

9 in 10 Americans know About Bitcoin and 1 in 5 Millenials own BTC shows Survey

The Virus is Spreading!

A recent survey conducted by Harris poll (on behalf of Blockchain Capital) shows that Bitcoin awareness is higher than ever despite the bear market. The figure increased from 77% in October 2017 to 89% in April 2019 among American adults.

Spencer Bogart, partner at Blockchain capital writes:

“Despite the bear market, the data shows that Bitcoin awareness, familiarity, perception, conviction, propensity to purchase and ownership all increased/improved significantly — dramatically in many cases.”

Bitcoin awareness has increased across all age groups and is highest among millennials (age 18-35). Among the 2052 respondents who took the survey, most of them said that they were atleast somewhat familiar with Bitcoin. The perception of Bitcoin as a positive financial innovation has increased from 34% in October 2017 to 43% in 2019.

According to the survey, almost half the millennials believe that most people would be using Bitcoin in the next ten years. Across the board adults from the age, 18-35 are most aware and have a better grasp of the technology which tends to decrease with age.

Bitcoin as an investment

The percentage of people that are interested to buy Bitcoin rose from 19% in October 2017 to 27% in April 2019. Millennials are most likely to purchase Bitcoin with 42% saying that they are ‘very’ or ‘somewhat’ likely to purchase Bitcoin in the next 5 years. The survey also asked the respondents on their preference of Bitcoin over other asset classes like Gold, Real Estate, Stocks and Bonds.

The survey shows:

  • 21% of people said they would prefer Bitcoin to government bonds — up from 18% in October 2017
  • 17% of people said they would prefer Bitcoin to stocks — up from 14% in October 2017
  • 14% of people said they would prefer Bitcoin to real estate — up from 12% in October 2017
  • 12% of people said they would prefer Bitcoin to gold — up from 8% in October 2017

Most importantly the survey touched upon Bitcoin ownership in which the millennials came ahead with 1 in 5 owning atleast some BTC. 20% is not that low when compared to the ownership of stocks among people under the age of 35 which is only 37%. Even though Bitcoin is a new asset class that is only 10 years old there is a tremendous amount of interest among young people.

Bitcoin is currently valued at $5261 per coin still down 74% from its all-time high in December 2017.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar
Tags: BitcoinUS

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago