It seems that Americans still don’t have that much confidence in Bitcoin. A recent survey found that more Americans are willing to invest in gold than in BTC over the next ten years.
The survey was conducted by Bankrate, a consumer financial services company based in New York. And it shows a good difference between percentages, with 13% of respondents saying they would invest in gold and only 9% saying they would invest in Bitcoin or other cryptocurrencies.
Despite the fact that cryptocurrencies have been gaining popularity in recent years, a new survey by investment firm Charles Schwab indicates that stocks, cash, and certificates of deposit (CDs) are still more popular among US investors.
The survey, which was conducted in October 2018, polled 1,000 adults aged 18 and over. When asked about their investment preferences, 60% of respondents said they preferred stocks, while only 3% said they preferred cryptocurrencies.
While the survey results may come as a surprise to some, it’s important to remember that cryptocurrencies are still a relatively new asset class. In contrast, stocks have been around for centuries and have a much longer track record.
While 8% of respondents said they currently own cryptocurrencies, only 3% said they plan to invest in them in the future. In contrast, 34% of respondents said they own stocks, while 37% said they plan to invest in stocks in the future.
Cash was the most popular asset class among respondents, with 43% saying they currently hold cash and another 45% saying they plan to invest in cash in the future. CDs were also more popular than cryptocurrencies, with 9% of respondents saying they currently own CDs and 11% saying they plan to invest in them in the future.
Furthermore, we can see the housing market at the top of the list, with 28% of respondents saying they are willing to invest in it. (Research shows that Americans)
The survey also asked investors about their comfort level with various asset classes. The majority of respondents (61%) said they are “not very comfortable” or “not comfortable at all” when it comes to cryptocurrencies. In contrast, only 32% of respondents said they feel the same way about stocks.
These findings indicate that US investors are still largely skeptical of cryptocurrencies, despite the recent rally in prices. This skepticism may be due in part to the volatile nature of the market, as well as concerns about regulation and security.
However, it is not news that the majority of millennials, aged between 25 and 37, have the opposite opinion regarding cryptocurrencies. Baby boomers are overwhelmingly pessimistic: only 16% of them accept cryptos.
Inflation and Bitcoin are linked to the result?
Another notable finding from Bankrate’s survey is that 58% of all participating Americans say that inflation will not influence their investment choice.
This, of course, goes against the narrative of “inflation hedge” being routinely promoted by supporters of gold and Bitcoin.
Furthermore, only 20% of survey respondents are willing to invest more aggressively if inflation rises.
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