From May 7th to 14th, there was a survey by the Wells Fargo/Gallup Investor and Retirement Optimism Index. The basis of the survey was to show the level of Americans who have an interest in cryptocurrencies.

Survey Opinions

People who participated in this survey were adults who have invested over $10,000 in stocks. Around 26% of the 1,921 people who decided to participate said that they have an interest in the digital currency. They also said that they would not be interested in buying the currency any time soon. The other 72% showed no interest in the currency. Around 2% of the people who gave their opinion said that they own Bitcoin. Another 1 % said that they are interested in buying the currency in the short term.

Gender vs. Age

When looking at gender and age, 3% of male respondents said they own Bitcoin, while 1% of women said they have the currency. 3% of the people who shared their views regarding Bitcoin were between 18 and 49.1 % of the respondents who own this currency were over 50 years of age.

Limited Awareness

The people who have knowledge regarding Bitcoin were 29%. The rest said that they have heard of the currency but are limited by the flow of information. The other 5% said that they have never heard of the currency at all.

Level Of Income

There was a revelation that people who had more wealth were more informed about Bitcoin compared to those whose level of income is low. A considerable number of people said that there was a significantly higher risk that is associated Bcoin. However, only 2% said that the risk was not that huge.

The Volatility Of The Prices And Pending Regulations

Bitcoin has not been stable regarding prices. The spike in prices is what has made people stay away from it. There are also issues involving the regulations by authorities. There is a group of people who prefer waiting until the regulations appear.

However, there are expectations that the current prices will hold and even rise. If this is the case, there will be another poll that will show different opinions. Experts have warned people not to speculate much and observe the market. They should reach their decision based on the trend of the market.