- October 2, 2019
- Posted by: icoblock
- Category: Uncategorized
A new study carried among over 5,000 Americans reveals interesting data regarding Bitcoin ownership. Over 21% of all voters answered that they have never heard of it, while 7.3% do not own any at the moment but are planning to buy. 6.2% of all participants voted that they already purchased some.
Results of the Study
Over 5,000 males and females, aged 18 to 65 from the US were asked about their stance on investing in Bitcoin. The possible answers were five, namely:
• I do NOT own any. NOT Planning to buy any.
• Never heard of Bitcoin before.
• I do NOT own any. Planning to buy some.
• I own some. NOT planning to buy more.
• I own some. Planning to buy more.
The first one appears to be the most commonly answered. Over 64% of the voters stated that they don’t have any Bitcoin and do not plan to purchase any. However, it’s worth also noting demographics as well. In this case, most people answering this were between 55 and 64 years old – almost 69%. Its percentage goes to over 76% when only males are considered in this poll.
21.8% of all voters pointed out that they have never heard of Bitcoin. The percentage gets higher when gender is applied. Almost 30% of females between 45 and 54-years old showed a lack of knowledge for the largest crypto.
More people appear to be planning to invest in Bitcoin rather than already owning some – 7.3% versus 6.2%. The percentages appear to be changing when we separate the voters by their age and gender. Reportedly, the younger the voter is, the more likely is to be investing or planning to invest in Bitcoin. 11.6% of males aged between 25 and 34 years old placed such a vote. It’s also worth mentioning though, that 3.5% out of the 6.2% of voters claiming that they already own some Bitcoin, said that they are not planning to buy more.
Previous Crypto-Related Polls
CryptoPotato reported other previous polls about people’s engagement when investing in cryptocurrencies.
A majority of voters claimed that less than 10% of their friends are holding any crypto. Despite the price surge in 2017 and all the media attention, the number appears to be less than expected. On the other hand, it provides plenty of room to grow as well.
Another poll earlier this year showed that almost half of all traders have 60% or more altcoins rather than Bitcoin in their portfolios. While this appears to be a riskier endeavor, the poll was in April when the altcoins were experiencing serious price increases. However, we also saw that when Bitcoin’s dominance increased, people tend to switch their holdings and relocate them toward it, rather than holding on to their altcoins.