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Poll conducted reveals that 75% of the US investors believe bitcoin is risky

Poll conducted reveals that 75% of the US investors believe bitcoin is risky

July 31, 2018 10:27 am,

Wells Fargo and Gallup conducted a poll and revealed that nearly three-quarters of the US investors with more than $10,000 in bonds, stocks and mutual funds think that bitcoin is a very risky investment. The week-long study which surveyed nearly 2,000 adults in the country who have invested either in retirement savings account or through any other account unveiled that only 2% currently own bitcoin, while more than 70 percent of the people have no interest in ever buying bitcoin. The poll conducted further concluded that 26% are intrigued but have no plans of investing in bitcoins anytime soon.

The survey found that bitcoin is considered as the risky investment. The risk is the primary reason for few investors are holding the cryptocurrency. While 75% think bitcoin to be very risky and less than 10 people surveyed thought bitcoin was not at all risky at all. Moreover, only 2 percent thought bitcoin was not too risky with the remaining 23 percent thinking of bitcoin as being at least somewhat risky.

The study also revealed that the thinking and perception of the investors regarding cryptocurrencies changes with gender and age. In addition, the statistics show that the perception of bitcoin is risky or not risky varies among investors in different age and gender. The men and younger investors are far more likely than women and seniors to say they know something about bitcoin or other digital currencies, explained the poll Wells Fargo and Gallup. During the poll conducted it was seen that only one percent of women and three percent of men had the sample owned bitcoins. ” Presently most of the 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,” this was concluded the by Wells Fargo and Gallup.