Bitcoin is 'Very Risky' - 75% of US Investors Think

Well, poles are always intriguing. One of the first things that I wonder about whenever I see a poles results is how large is the data set. They only surveyed 100 people, probably not substantive enough to use as a broad stroke for the rest of America. If it's an American pole of sorts, this one's interesting though this one caught my attention. So I'd like to go through it.

Gallup poll says 75% of US investors think a Bitcoin is very risky. Three-quarters of US investors with more than $10,000 in stocks, bonds and mutual funds think Bitcoin is a "very risky" investment, a new survey revealed Monday.

Here's what you have to first realize, three-quarters of US investors with more than $10,000 in stocks, bonds and mutual funds that probably limits the data set to a very unique set of individuals who actually hold $10,000 or more in stocks bonds in traditional mutual funds.

If we take a poll of all of America and I'm going to be completely wrong here in this number but from what I understand, most Americans don't even have a thousand dollars in their savings account to their name and so to have $10,000 or more in stocks, bonds and mutual funds that means that this poll was given to people who have been at least let's just say more deeply ingrained into the traditional methods of investing, if that makes any sense.

A poll conducted by Gallup in Wells Fargo asked US-based investors about their views on Bitcoin, finding just that 2% currently owned any and more than 70% "have no interest in buying Bitcoin". Probably because they've been already so deeply ingrained in the traditional mechanisms of investing that there's no need for them to do that and a lot of them probably just having stuff syphoned out of their salary every month to invest in this stuff. It's just not top of mind so I understand that a further 26% are "intrigued" but do not plan to purchase any near in the in the near future, the poll found.

The poll surveyed nearly 2000 adults in the US have invested either in retirement savings account or through another type of account, according to Gallup, which limits the field to very small because most Americans don't even know what a savings account really is supposed to be for or are checking it out. it's supposed to be for. I think they think that's just beer money for the weekend.

It was conducted over a course of a week in early May. The survey found that Bitcoin perceived riskiness is the primary reason few investors are holding the cryptocurrency. While 75% considered bitcoin to be a "very risky", less than 0.5% (or less than 10 people surveyed) thought bitcoin was "not risky at all." Those guys must be like Bitcoin maximalists. I was gonna say a couple names but I don't want to call anyone now.

Only 2% thought bitcoin was "not too risky" and while the remaining 23% thinking of Bitcoin as being at least "somewhat risky." That's okay if they think it's risky that's good, stay out the game, just kidding don't stay out of the game, come in the game. It's not that bad. The water is warm, the water is warm, it's fresh.

Another reason for the lack of interest might come from bitcoin's limited popularity as only 29% of investors surveyed in the poll say they knew anything about cryptocurrencies. That's where they should probably come to the Bitcoin dot com to learn about it for free or sign up at the 10 days of Bitcoin dot com.

In addition, the statistics show that the perception of Bitcoin varies among investors in different age and gender. That makes sense.

"Men and younger investors are far more likely than women and seniors to say they know something about Bitcoin or other digital currency," the pollsters wrote. Just 3% of men and 1% of women say they owned bitcoin, with 3% of those aged 18-49 and 1% aged 50 or older.

"For now, most investors are on the sidelines, keyword their investors meaning they've already invested in traditional asset classes, knowing little to nothing about Bitcoin," because they're not intrinsically motivated to do so. They have $10,000 or more invested in their traditional accounts. I think that's going to save them from the imminent financial crash that's going to happen. Few are already invested in even fewer plan to jump in soon.

And that's too bad if you're a traditional investor and you're reading this probably not but if you are a traditional investor and you've been reading this. Let me tell you one thing your 10 thousand dollars or more in traditional asset classes and investing it's not going to save you from the financial crash. Only something that is outside of the control of the government will be safe.

Think about that let me know your thoughts on this poll in the bitcoin dot com guys.