Join the BitcoinNews Telegram channel for daily updates >>LINK

US Investors “Intrigued” By Bitcoin But Millennials In Touch Says Wells Fargo Poll

US Investors "Intrigued" By Bitcoin But Millennials In Touch Says Wells Fargo Poll

Support free writers: > send a tip

written by

A Wells Fargo Gallup Investor And Retirement Optimism Poll conducted earlier this year suggested that the percentage of Americans owning Bitcoin currently stands at 2% but many are ‘intrigued’.

The poll was aimed at adults with at least $10,000 invested in traditional funds and targeted 1,921 investors over 18.

Young investors came out of the poll somewhat unsurprisingly as the most adventurous, claiming they would have no hesitation buying Bitcoin if the digital currency were more mainstream. This clearly shows where the drive towards greater adoption will originate from as Bitcoin becomes more established on financial markets: something now beginning to happen on Wall St.

US Gallup Poll Shows Only 2% of American Investors Own Bitcoin

Bitcoin News has published a number of reports this year which illustrate this tendency of Millenials pulling away from traditional finance towards digital currency. An interesting factor thrown up by this particular poll was the number of American investors who expressed themselves as being “intrigued” by Bitcoin, indicating that there is clearly a vacuum of education in the markets.

There was a high element of investors who saw the flagship digital currency as “risky” preferring to play it safe with their investments. Lydia Sadd who authored the report commented that it was clear that most investors seem prepared to bide their time, currently reliant only on what they understand.

Again, it appears that education regarding cryptocurrencies is generally lacking; most people prepared to rely on news reports which generally thrive on fear and uncertainty in the market or blow cryptocurrencies successes into gargantuan proportions. Neither of these extremes does anything for public confidence in new digital financial technologies.

It is clear that millennials are completely at the forefront of the crypto space, and without them, it is hard to imagine that Bitcoin would have even got off the ground. “Over 82% of millennials say their investment decisions were influenced by the Great Recession when $14 trillion in wealth was lost,” writes Kari Paul of Market Watch, adding, “Millennials regard the stock market with skepticism. People between the ages of 18 and 39 are less likely to invest money in the stock market than are other generations, studies show.”

Follow on Twitter at @BitcoinNewsCom

Telegram Alerts from at

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


The Tragedy of Fiat Money

Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.

Read More »


Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter