More and More People Investing in Bitcoin. Are You?

The results of a key Gallup survey have been published, showing more and more people are investing in Bitcoin...

More and More People Investing in Bitcoin. Are You?

03.11.2021
More and More People Investing in Bitcoin. Are You?

The results of a key Gallup survey have been published, showing more and more people are investing in Bitcoin.

In the US, 6% of investors now own bitcoin, up from the 2% recorded in 2018. Bitcoin ownership is up to an impressive 13%, among investors aged between 18 to 49.

The rising levels of Bitcoin ownership are testimony to how much In the previous three years, the granddaddy of digital currencies has gained traction with US investors and the US public as a whole.

Further proof of how far Bitcoin has come can be seen in people’s attitudes towards Bitcoin. Bitcoin is still seen as a ‘risky’ investment, but a lot less risky than how it was viewed three years ago.

Almost all those polled by Gallup perceive Bitcoin to be a somewhat risky investment. The percentage calling it "very risky" was 60% in 2021, a noticeable drop from 75% in 2018.

This isn’t a hardcore group of young crypto fans just buying Bitcoin. Cryptocurrency adoption, interest, and awareness is growing throughout US society as a whole. Between 2018 and 2021, the number of people who say they have no interest in ever purchasing bitcoin has fallen from 72% down to 58%.

The survey also showed that those older than 50 remain cautious about Bitcoin. Just 3% of those surveyed in the most recent poll said that they dabbled in Bitcoin. However, this was a sizeable increase from the 1% in 2018.

What This Means For Bitcoin

Despite Bitcoin floating around the $30 - $40k range for nearly three months, Bitcoin adoption, awareness, and interest are stronger than ever and keeps on growing.

BWhat we are seeing in the bigger picture is that even during a period of consolidation, Bitcoin is becoming more ‘legit’ and more of a recognised investment as each day passes.

TIn the long-term, this is obviously a good trend for Bitcoin’s price. As Bitcoin’s acceptance continues to grow, so will its price. Now, with Bitcoin nearly 50% cheaper than it was just three months, now could very well be a good time to start buying Bitcoin at EVBlocks today.

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Bitcoin
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