Bitcoin Ownership is growing fast around the world. In 2021 bitcoin ownership distribution reached 46 million Americans. Bitcoin is also the first investment choice of 46% of young adults.
The impressive figure was reposted by notable Bitcoiners including MicroStrategy CEO Michael Saylor, who tweeted: “The finance industry is taking crypto mainstream by building Bitcoin into their insurance, banking, & investment products. Newsweek says 46 million Americans now own Bitcoin.
In a survey conducted by the New York Digital Investment Group (NYDIG), about 75% of the respondents said they wanted to learn more about Bitcoin ownership as annuities and Bitcoin life insurance.
A majority (53%) said they didn’t own digital assets, but 55% of those said they would consider adding bitcoin and other cryptos to their portfolio.
The survey included a national sample of 1,050 U.S. consumers with an annual income of at least $50,000. Data were weighted for age, race, sex, education, and geographic location using the Census Bureau’s American Community Survey to track the demographic composition of the United States.
A survey of 1,000 Americans by MagnifyMoney, a division of Charlotte, North Carolina-based LendingTree, found that 62% of crypto investors believe they’ll get rich.
Bitcoin ownership distribution is still uneven and has ways to go. Only 2% of baby boomers own Bitcoin and other cryptocurrencies.
Gold still trusted over Bitcoin, but the gap is closing. Bitcoin is up roughly 68,189,500% since its start in 2009, while gold is up 105% over the same period.
A LendEDU survey of 1,000 Americans conducted with research firm Pollfish on April 21st, 2021 shows data on gold vs. Bitcoin investing preferences.
- A better investment to maximize profits? 56% said bitcoin, 33% said gold.
- A better store of value to protect against inflation? 50% answered gold (including 67% over the age of 54), 39% answered bitcoin.
- $50,000 initial investment to build a retirement nest egg? 45% would put it in gold, 42% said bitcoin.
- $50,000 initial investment strictly to maximize profits? 49% want it in bitcoin, 37% prefer gold.
Overall, Americans thought bitcoin ownership was the better speculative asset and the better investment to maximize profits. These results were not surprising; bitcoin has periods of monumental gain that make it a salivating buy for aggressive investors trying to make a profit.
I’m researching Bitcoin ownership by country. Will post it soon.
Riccardo Ferrari
RiccardoFerrari.com
