6 out of 10 U.S. investors say 'No intention to invest in cryptocurrency'

Six out of ten U.S. investors have no intention of investing in cryptocurrencies such as Bitcoin (BTC).

According to a survey conducted by Gallup on adults over the age of 18 in the U.S. last month, 60% of respondents answered that they had 'no intention to invest in cryptocurrency.' Another 17% said they were 'interested in investing in cryptocurrency but have no plans to purchase anytime soon.' Only 4% of respondents said they were likely to purchase cryptocurrency soon.

Nine out of ten U.S. adults (87%) perceived cryptocurrency as 'risky.' Specifically, the proportion of respondents who answered that cryptocurrency is 'very risky' and 'somewhat risky' was 55% and 32%, respectively. Narrowing it down to U.S. investors who have invested more than $10,000 in stocks, bonds, etc., 64% of them responded that they see cryptocurrency as 'very risky.'

Additionally, 14% of U.S. adults (about 1 in 7) were found to own cryptocurrencies such as Bitcoin. Looking at age and gender, males aged 18–49 had the highest ownership rate (25%). This was followed by men aged 50 or older (12%), women aged 50 or older (9%), and women aged 18–49 (8%).

Despite the active pro-cryptocurrency policies of U.S. President Donald Trump, some analyses suggest that cryptocurrencies have yet to become a mainstream investment vehicle. Gallup stated, "The current perceptions suggest that unfamiliarity with cryptocurrencies and concerns about the possibility of realizing returns still present obstacles to cryptocurrencies becoming a routine investment vehicle."