Gallup Ballot: 75% of US Traders Suppose Bitcoin Is 'Very Dangerous'

Three-quarters of U.S. buyers with greater than $10,000 in shares, bonds and mutual funds assume bitcoin is a "very dangerous" funding, a brand new survey revealed Monday.

A ballot performed by Gallup and Wells Fargo requested U.S.-based buyers about their views on bitcoin, discovering that simply 2 p.c at the moment personal any and greater than 70 p.c "have no real interest in ever shopping for bitcoin." An extra 26 p.c are "intrigued" however don't plan to buy any within the close to future, the ballot discovered.

The ballot surveyed almost 2,000 adults within the U.S. who've invested both in a retirement financial savings account or by means of one other sort of account, based on Gallup. It was performed over the course of every week in early Could.

The survey discovered that bitcoin's perceived riskiness is the first cause few buyers are holding the cryptocurrency. Whereas 75 p.c thought-about bitcoin to be "very dangerous," lower than 0.5 p.c (or lower than 10 folks surveyed) thought bitcoin was "not dangerous in any respect." Solely 2 p.c thought bitcoin was "not too dangerous," with the remaining 23 p.c pondering of bitcoin as being a minimum of "considerably dangerous."

One more reason for the dearth of curiosity would possibly come from bitcoin's restricted recognition as solely 29 p.c of buyers surveyed within the ballot say they knew something about cryptocurrencies.

As well as, the statistics present that the notion of bitcoin varies amongst buyers in numerous age and gender.

"Males and youthful buyers are way more probably than girls and seniors to say they know one thing about bitcoin or different digital currencies," the pollsters wrote.

Simply three p.c of males and 1 p.c of ladies mentioned they owned bitcoin, with three p.c of these aged 18 to 49 and 1 p.c aged 50 or older.

"For now, most buyers are on the sidelines, understanding little to nothing about bitcoin," the pollsters concluded. "Few are already invested in it, and even fewer plan to leap in quickly."