Most people have heard of Bitcoin, but only a small portion has them.
According to a joint Global Blockchain Business Council and SurveyMonkey poll of almost 6,000 adults conducted this month, 60% of Americans have heard or read about the world’s largest cryptocurrency. From those, only 5% own the digital coin.
Bitcoin investors are of a consistent demographic. 71% of them are male. 58% are young, between the ages of 18 and 34 years old. Nearly half of them are minorities.
When asked why they bought bitcoins, they answered that a combination of a lack of trust and an opportunity for return were the main reasons. 1/3 of Bitcoin owners said it was a means to avoid government regulation. Interestingly, 24% also said they trust Bitcoin more than the U.S. government in a separate question. 20% saw it as a hedge against crashes in traditional assets. More than 60% also said that buying the digital coin was a growth investment.
Last year, the investment largely paid off. The cryptocurrency went up more than 1,400% in 2017, reaching a high of more than $19,500 last December. But much of that gain has been given back — Bitcoin has fallen by almost half since December, now trading near $11,000.
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MOST TRADED ASSETS
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EUR/USD
1.04
Trade-0.02% -
USD/JPY
157.46
Trade+0.17% -
GBP/USD
1.25
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AUD/USD
0.62
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GBP/JPY
197.27
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462.46
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Microsoft Corporation
439.19
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Coinbase Global, Inc.
279.63
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NVIDIA Corporation
140.17
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Shopify Inc.
110.31
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Gold
2627.19
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Crude Oil WTI
70.34
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Crude Oil Brent
73.54
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Silver
29.62
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Natural Gas
3.36
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US 100
21700
Trade-0.61% -
US 500
6024.47
Trade-0.3% -
US 30
43145.74
Trade-0.23% -
GER 30
19887.85
Trade-0.09% -
JP 225
39581.5
Trade+0.37%
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UltraPro Short QQQ
27.93
Trade-2.96% -
S&P 500 ETF
601.26
Trade+0.89% -
20+ Year Treasury Bond ETF
87.86
Trade+0.96% -
Daily Junior Gold Miners Index
37.37
Trade-0.9% -
Technology SPDR
240.55
Trade+0.73%
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