2019 Investor Study: 36% of U.S. investors would consider an investment in Bitcoin

16 Sep 2019 by svet

In the time like this nothing could sheers you up better than cute, short desk issued by OPM managers and oblivious consultants encompassing the results of a survey run on an unrepresentative sample of about 1000 people :)

Such, for example, as "2019 Investor Study" published in July by "Grayscale Investments" (5 years old cryptocurrency investment fund which raised more than $300 million in 2018) and conducted by petrochemical and refining (zic!) research company "Q8Research".

They found that (citing): " ... more than a third (36%) of U.S. investors would consider an investment in Bitcoin, representing a potential market of more than 21 million investors in the general population ... " and " ... 83% were strongly motivated by the idea that they could invest small amounts in Bitcoin today ... ".

Among other uptakes from this "study" are the following: " ... 69% of investors interested in Bitcoin see gold as a good investment (versus 55% of all investors) ..."; "... 75% of all investors and 68% of those interested in Bitcoin say that digital crime is their number one fear about Bitcoin ... (second place is taken by regulatory concerns)" and "... 89% of the people surveyed said that better educational resources would make them more likely to invest in the currency ... ".

Curiously, this piece reminded me the report of "Fidelity Digital Assets" cited in this group back in May, which says that "more than 70% of financial advisors and 80% of family offices view the digital assets 'most favorably'".

Well, those those two pieces combined have already exceeded my daily recommended dose of hopium :)