According to an online poll made by Gallup and Wells Fargo made on 7th My on Gallup panel, it has been revealed that three-quarter of US investors with more than $10,000 in stocks and mutual funds believe that investing in Bitcoin seems risky and unreliable.
Since its launch in the market, this high-risk currency has somehow managed to make its way in the trading market. But considering the words of investors, Bitcoin and cryptocurrency are still ‘unknown grounds’ to them. Amongst all the investors, only 2% own Bitcoin, over 76% don’t ever plan to buy it in the future, and almost 26% are intrigued by the idea of cryptocurrency but don’t plan to buy in the near future. The recent rise and dive in the prices of Bitcoin have side-lined the investors even more, with little chances of investing.
More than 75% of the investors consider Bitcoins to be a very risky business. This owns to the most widely known concept that Bitcoins are highly susceptible to hacking and other cyber-attacks, making it the less preferable choice amongst the investors. The majority of the population who own Bitcoin comprise of men and that too in the age range of 19-40 years. Since the younger generation tends to dive deep into their knowledge of cryptocurrencies, they are most likely to buy Bitcoins than investors older than 50.
The US investors consider playing in the safe zone and opting for more financial security. The young people who are looking to invest might be converted once the currency goes main-stream.
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.
A New Era for Global Trade: Alibaba Taps JPMorgan's Blockchain Global commerce has long been…
The Promise of Web3 Meets a Centralized Reality Web3 was built on a revolutionary promise:…
Bitcoin's Sudden Plunge Shakes the Crypto Market The cryptocurrency market is awash in red after…
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…