U.S. Investors See Bitcoin as “Risky,” Opt for “Security Over Growth”105.16

Figures from a recent poll indicate that bitcoin and cryptocurrency are still viewed with suspicion by most U.S. investors, with only 2 percent of them holding bitcoin and another 75 percent of them describing bitcoin as “very risky.” Conducted by Gallup and Wells Fargo, the poll surveyed nearly 2,000 American investors with holdings exceeding $10,000.

The second-quarter Wells Fargo/Gallup Investor and Retirement Optimism Index survey presented a snapshot of U.S. adults with $10,000 or more invested in stocks, bonds or mutual funds, either within or outside a retirement savings account. Its results indicated that despite the excitement over the popularity of bitcoin trading, especially at a time when institutional investment is expected to make an entrance, the asset class remains a niche investment area, unknown or untrusted by the majority of market participants.

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