Market Analysis Report (26 Jul 2021)

A poll conducted by American analytics firm Gallup has found that since 2018, Bitcoin and other cryptocurrencies have gained momentum among U.S. investors. It found that 6% of its 1,037 respondents own BTC, a 4% rise from 2018.

Gallup’s Investor Optimism poll defines U.S. investors as “adults with $10,000 or more invested in stocks, bonds or mutual funds.” Of the survey’s respondents, 13% under fifty hold BTC, with the number being 3% among senior investors.

In 2018, 80% of investors revealed they had an interest in buying Bitcoin, while this year 70% of investors expressed interest in the flagship cryptocurrency.

The poll also revealed awareness about cryptocurrencies has been growing. In 2018, investors familiar with crypto were a minority at 48%, while this year 62% revealed they are familiar with the nascent space.