Bitcoin’s adoption has been a critical factor in the popularity index of the whole cryptocurrency market, and the world’s largest cryptocurrency has stayed true to its core ideals. New research has now taken the onus of calculating just how popular BTC is in the United States and how it has disrupted the mainstream financial market.
The research has gained so much traction that it was also shared by Pierre Rochard, the Founder of the Bitcoin Advisory. The survey, which is considered the largest Bitcoin ownership count, calculated that 6.2 percent of all American citizens owned Bitcoin while another 7.3 percent were “considering to invest in Bitcoin.”
The sample size of the survey was 5000 people who were provided with the options:
“I do NOT own any. NOT Planning to buy any.
Never heard of Bitcoin before.
I do NOT own any. Planning to buy some.
I own some. NOT planning to buy more.
I own some. Planning to buy more.”
Post the study, it was calculated that 64.8 percent of all the respondents did not own or were even interested in acquiring Bitcoin. One of the foremost assessments in previous surveys was the demographics related to the investors, and the latest study showed that for users above the age of 55, the number of non-BTC fans increased. The market survey added:
“As an asset class, Bitcoin is still very young and highly volatile. Based upon the results of this survey, the present uncertainties surrounding the global economy have made American investors far less likely to choose riskier investments, especially those investors either nearing retirement, or already in their retirement years where a safe nest egg is an absolute necessity.”
One interesting fact that popped from the study was that more women were entering into the cryptocurrency realm. Compared to 24.6 percent in 2018, the percentage of women in the digital assets space increased to a respectable 29.6 percent. Some members of the industry summarized that Bitcoin was now a desirable investment for investors, with future gains being the central paradigm.
The latest numbers are a positive twist when placed side by side with An earlier survey conducted by the Foundation for Interwallet Operability [FIO] in March of this year. The data from the FIO revealed that 70 percent of crypto owners rarely use their tokens for payments. The data showed that last year, only 30 percent of users conducted any transactions to third parties or an alt account every month.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.