Only 2% Of US Investors Own Bitcoin, Majority Sees It As ‘Very Risky’

One poll by Wells Fargo/Gallup recently revealed that only 2% of the people in the United States currently hold Bitcoin. This is a finding that according to optimists, shows massive potential while the cynics think otherwise.

What’s actually true is the fact that 26% of US investors said that they were intrigued by the flagship cryptocurrency – and less than 0.5% of the polled indicated that they will be buying it in the near future.

U.S. Investors Not Biting on Bitcoin, but Many Intrigued… https://t.co/K6RSVzq8ck pic.twitter.com/J3Cfn9vZ7O

— GallupNews (@GallupNews) July 27, 2018

As the survey noted, one of the factors that are hindering the investment in the cryptocurrency is the risk of trading in Bitcoin. Even 75% of the US investors deemed Bitcoin as very risky while 23% said it was somewhat risky.

Only 2% of the investors said that investing in Bitcoin was not too risky – while another number saw it as not risky at all. The majority of younger investors is probably going to change this picture in the future.

As one senior editor at Gallup wrote when analyzing the report:

“But as Wells Fargo/Gallup surveys have found in the past, most U.S. investors prefer to play it safe with their investments, opting for security over growth.

Looking to the future, however, many younger investors who currently say they are intrigued may be converted to investors once the currency goes more mainstream.”

The poll also saw Bitcoin as more popular among men and ones aged between 18 and 49. While 3% of men told the surveyors that they owned the digital asset, only 1% of the women said the same.