Bitcoin gains confidence among young U.S. investors

In recent years bitcoin (BTC) has managed to gain the trust of more investors in the United States, especially those between 18 and 49 years old. This is revealed by the analysis and consulting firm Gallup.

According to the consultancy’s data

, the percentage of US investors who own BTC has increased from 2% in 2018, to 6% in 2021. The consultancy was based on U.S. adult investors. This firm, defines “investors” as adult individuals who own more than USD 10,000 worth of bonds, stocks or mutual funds and even with retirement savings accounts.

Of these, 13% represent people between the ages of 18 and 49. Likewise, 3% of bitcoin investors are people over the age of 50. According to Gallup, this means that the belief that bitcoin is a “very risky” investment has diminished.

According to a Gallup poll, in 2018, 72% of U.S. investors had no interest in buying bitcoin. This year’s study, also finds that male investors are nearly 4 times more active than women in the cryptocurrency market. The results derived from a Gallup survey

, which measures the Investor Optimism Index, conducted from July 22-29.

The most interesting data from the Gallup survey, points out that the potential bitcoin market of U.S. investors, has expanded since 2018. Currently, 2% say they are likely to buy bitcoin in the near future, which represents a 100% increase compared to 2018.

Likewise, this new query reveals that now only 58% say they have no interest in buying bitcoins, down 19% in 3 years.

In

contrast now, the percentage representing US investors aged 18-49 who have no interest in buying bitcoins has been reduced by 32%.

Bitcoin gains confidence among young U.S. investors Bitcoin gains confidence among young U.S. investors Comparative chart (2018 – 2021) illustrating the percentage of US investors who are not interested in buying BTC.

Bitcoin has gained the confidence of younger investors

Two factors that are quite influential in investors’ interest in bitcoin is how familiar they are with it and the level of risk they perceive in an investment. These issues have become increasingly favorable since 2018. Today investors who have heard of cryptocurrencies

has increased to 38%.

Despite the fact that almost all inv

ers perceive Bitcoin as a risky investment, the percentage of people with this opinion has decreased 20% in three years. According to Gallup, this could be due in part, to companies like Tesla, Square and Morgan Stanley

betting on making large investments in bitcoin. Bitcoin gains confidence among young U.S. investors Bitcoin gains confidence among young U.S. investors Comparative chart (2018 – 2021) illustrating the percentage of U.S. investors who consider BTC a risky investment.

This has gained widespread acceptance among US investors, particularly those under 50. Stocks, bonds and mutual funds, however, remain the predominant types of investments. This means that bitcoin, for now, is only a complementary purchase but not a replacement for traditional investments.

As we reported in CryptoNews, the U.S. Federal Reserve (the Fed), in its July 9 Monetary Policy Report, for the first time mentioned the rise of bitcoin and cryptocurrencies as a reflection of investors’ increased appetite for risk.