Only 3% of American Retirees Own Bitcoin (BTC), Survey ShowsOnly 3% of American Retirees Own Bitcoin (BTC), Survey Shows


A recent report found that about half of millennial high earners say they would invest in cryptocurrencies.

Now another survey suggests that less than 3 percent of retirees in the United States have bought and hold bitcoin (BTC). The figures are part of a study by Gold IRA Guide, a popular publication dedicated to precious metals.

The magazine’s report appears to suggest that the current American retiree holds a pessimistic view of bitcoin. Gold IRA Guide published the findings of its survey on April 17.

The firm conducted its survey this April and involved a respondent group of 1,000 U.S. retirees aged above 50 years. The research contained a specific question that asked respondents to give their thoughts regarding the issue of investing in the top coin.

Per the publication’s findings, 56.7 percent of the respondents said they had knowledge of bitcoin. This large group was however not interested BTC as an investment.

Interestingly, only 2.7 percent of the respondents said they at least owned a certain amount of bitcoin, while close to 3.5 percent expressed interest in investing in bitcoin, but owned up to the fact that they didn’t have a clue where to begin.

This small group of retirees is likely to invest in bitcoin given the opportunity to understand the process. And a potential Bitcoin rally could also play a role, especially if Adamant Capital’s prediction that the crypto bear market was flipping ended with a major price rally.

Notable also is the group making up about 4.5 percent of the pensioners who said they were interested in bitcoin as an investment asset. This group, however, felt that they needed more time to monitor the space.

As it is then, a significant percentage of the respondents appeared to be clueless about bitcoin, with 32.9 percent affirming to this.

The Gold IRA Guide survey results come out after another report from Russia claimed that about 2 percent of Russian citizens have so far invested in Bitcoin. The poll was conducted by the country’s national polling body.

Another study jointly conducted by two trade publications suggested that a majority of endowments had looked towards crypto in 2018.

According to Global Custodian and The Trade Crypto, nearly 94 percent of these endowments allocated funds to various crypto-related investments.

Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your research and consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.

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