A new report from Wells Fargo via Gallup poll found that only 2% of U.S. investors own Bitcoin, while 26% say they are interested in it.
From May 7th to May 14th, Wells Fargo ran a poll via Gallup asking Americans about their knowledge and ownership of Bitcoin. The poll was only given to American adults with $10,000 or more invested in stocks, bonds, or mutual funds.
According to the poll, about one in four Americans are “intrigued by bitcoin but won’t be buying it anytime soon.” 2% of Americans own Bitcoin, and less than 0.5% will buy Bitcoin in the near future. 72% say that they have no interest in ever buying Bitcoin.
According to the poll, of those who have heard about Bitcoin or other online currencies, 75% consider Bitcoin a “Very Risky” Investment.
According to the poll, only 3% of men and 1% of women own Bitcoin. Of individuals who earn more than $90,000 per year, 3% report owning Bitcoin, while only 1% of individuals who earn under $90,000 per year report owning Bitcoin.
Below are the results from additional poll questions aimed towards the individuals who have heard of Bitcoin or other online currencies.
At the end of the poll results, Wells Fargo and Gallup state that “most investors are on the sidelines, knowing little to nothing about bitcoin. Few are already invested in it, and even fewer plan to jump in soon.” They continue to write that previous survey results suggest that most American investors “opt for security over growth” when making investments.
These results show that Bitcoin and other cryptocurrencies still have a long way to go if they want to achieve mainstream adoption in America. Like most things, however, it may just need one news story or governmental clarification to bring the herds into the space.