A new survey among British respondents shows that 5.3% currently owns bitcoin (BTC) and that 6.8% plans to buy BTC in the future.
The survey asked: How do you feel about investing in bitcoin? The respondents could choose from the following answers:
- I do NOT own any. NOT Planning to buy any.
- Never heard of Bitcoin before.
- I do NOT own any. Planning to buy some.
- I own some. NOT planning to buy more.
- I own some. Planning to buy more.
The vast majority, 67.5%, have indicated that they do not own bitcoin or that they have the intention to buy it in the future. More than 20% even said they had never heard of bitcoin.
5.3% have indicated that they own bitcoin, but 3.3% do not intend to buy more in the future. The other 2% is planning that. 6.8% plans to buy bitcoin but currently does not own bitcoin. If one only looks at men between 35 and 44, that percentage rises to 11.8%.
The research draws the following conclusions:
Bitcoin represents a highly volatile asset class that deserves careful consideration before it is added to an investment portfolio. Based on the results of the study, younger, established British investors in their mid-thirties to mid-forties are the least risk-averse to accepting bitcoin volatility due to the potential of huge profits.
It is up to bitcoin to better inform British Young Professionals about its benefits as a currency, technology and, more importantly, as an investment.