75% of US investors consider bitcoin a very risky investment and can we even blame them?

Three-quarters of U.S investors having above $10,000 in stocks, bonds, and mutual funds believe that bitcoin is a “very risky” investment according to findings of a New Survey.

A poll was conducted for a week in May this year by Gallup and Wells Fargo which asked 2,000 US-based investors their views in buying the leading digital currency, Bitcoin.

According to survey findings, just 2 percent of the respondents owned bitcoins while more than 70 percent showed no interest in buying bitcoin. 26 percent of the investors reported to be intrigued but had no plans to purchase bitcoin.

The survey further revealed that perceived riskiness is the deciding factor for investors when it comes to bitcoin. 75 percent of the investors considered bitcoin to be a “very risky” investment while less than 0.5 percent believed bitcoin to be “not risky at all.” Just 2 percent believed bitcoin was “not too risky,” and the remaining 23 percent thought bitcoin to be “somewhat risky.”

One more reason for the lack of interest might be due to bitcoin being less popular as only 29 % of investors responded in the poll that they knew anything about cryptocurrencies.

The statistics also show an interesting fact; the disparity of interest in bitcoin is related to the age and gender.

“Men and younger investors are far more likely than women and seniors to say they know something about bitcoin or other digital currencies”

Only 3 percent of men and 1 percent of women said they possessed bitcoin, with 3 percent of them aged 18 to 49 and one percent aged 50 or older than that.

The pollsters concluded that more investors know little to nothing about the bitcoin. Few of them have invested and even lesser plan to do the same soon.

Bitcoin has seen dramatic price soar, crash and rise in the past year and right now is 8,000 US dollars.