Cryptocurrency can be easier to buy than ever, but most Americans still want no part of it.
A new Gallup survey found that only 14% of American adults own Krypto, a number that has grown, but still represents a small sample of the investment audience.
The study, conducted in mid -June, revealed deep skepticism about cryptocurrencies. 60% of respondents said they have no interest in ever buying cryptocurrency, and only 17% admitted that they are fascinated. Only 4% of respondents said they are planning to buy crypto in the near future.
Gallup also found that among us investors who own more than $ 10,000 in equities, bonds or mutual funds, the 55% asset class considered “very risky.” Still, ownership rates shot from 2% in 2018 to 17%.
This skepticism is not surprising, despite the fact that the United States has a pro-crypto president and clearer rules that have recently rolled in. While the 2021 bull was driving initiated extreme volatility and made crypto a mainstream topic, the subsequent brutal crypto winter, like so many high-profile bankruptcies, such as FTX, as well as scams and Exploits, Soured Retail Investors’ mood.
Although Crypto has since seen institutional investors jump on the market and help it become more legitimate, many retail investors remain burned by the loss of the past, probably still vigilant.
Four years ago, Gallup found 6% of US investors owned cryptocurrency. This figure has since risen but can be conservative as a bold survey revealed 12% ownership among US investors.
Diving deeper into ownership, the demographic gap is sharp. While one in four men aged 18 to 49 owns Krypto, the study found that ownership is falling sharply among women and older adults.
College candidates and high-income income report participation above average, but seniors and low-income households remain largely absent from space, the study shows.
Knowledge holes also persist. Almost all examined had heard of crypto, but only 35% said they actually understood how it works. Confidentiality was highest among younger men and richer.
Even among those who claim to understand crypto, they still call a risky effort. Among us investors, the 64% asset class looks like “very risky”, up from 60% in 2021.
The study found that about one in seven Americans owns crypto, while almost six out of 10 own shares or real estate. Only 4% of adults said Crypto is the best long -term investment.
