Stock Market or Bitcoin – Survey Shows What Americans Trust in More

post image

Against the background that Wall Street has attempted to reign in Bitcoin’s light as two exchanges have launched Bitcoin futures trading, a survey among US citizens has shown that those polled trust Bitcoin less than the stock market. However, that gap is quite tenuous.

Another interesting conclusion is that a bit more than a half of the survey participants have ever owned or would like to own the “father of all cryptocurrencies”. It is especially relevant as not long ago Bitcoin shot to $20,000, increasing by 1,700% in price since the start of the year as well as stirring new disputes whether it’s a bubble or not.

Here are the most interesting results from Toluna survey, conducted since December 12 among 2,000 Americans.

Stock Market vs. Bitcoin

It seems that in the foreseeable future the margin between those who trust stock market and Bitcoin supporters will vanish. According to Toluna, which is among the most prominent market research companies in the world under ITPW brand, 43% out of respondents 900 trust Bitcoin as much as the other 57% trust stock market.

An Appealing investment?

Among 900 responses, about 26% (237 people) pointed that they already own an amount of Bitcoin, while almost 25% (223 respondents) revealed that they were considering investing in this cryptocurrency even though they haven’t had experience of interacting with it. At the same time, about 42% of respondents indicated that they neither own Bitcoin nor they planned on buying it.


68% of respondents (out of 519) believe that Bitcoin is an attractive investment because it’s global. The other appealing features of Bitcoin are that it’s digital (around 64% participants), anonymous (56%), and is easy to transfer (42%).

Nevertheless, the anonymity of Bitcoin became its worst enemy. About 46% of 519 respondents are concerned about this factor when they think about piling into this digital coin. The other concerns are that somebody may delete it (44%) and it is not regulated (44%).

How much are people ready to invest in Bitcoin?

One of the key points was that the majority of respondents (42% out of 519 people) are still willing to invest only $1,000 or less in “Daddy of cryptocurrencies”. Almost 21% are ready to pile into Bitcoin up to $5,000, whereas only 8% would invest over $100,000.

Bitcoin in view of technological advances

Around 51% of respondents (out of 2006) claimed that they were more familiar with iPhoneX among all the given innovations, about 56% voted for Smart Watches, while almost 45%, which is 900 people, said they were familiar with Bitcoin.

Are the results credible?

There might be some doubts concerning the representativeness and timeliness of the survey. However, no one can say how long the one should last, but at least this one gives a timely snapshot. Regarding representativeness, it’s necessary to mention that the survey capped at 2,000 responses from all over the US. 35% of them represent the South, 23% – North-East, almost 22% are from Mid/West and 21% from West.

The most active participants of the poll come from such states as California, New York, Florida, Pennsylvania, Texas, and others. Interestingly, the female participants made up 64%, while males were represented by 36%.

*Screenshots source:

Quick Look At All Crypto News And Events For November 2020
Were you too engrossed in trading left and right that you’d completely spaced on getting your monthly update of the latest events in the crypto world? Well,...
Bitcoin Era Success Story: Teen Hits Jackpot With Crypto Trading
17-Year Old Hits The Jackpot With Cryptocurrency Trading Venture The news media has been swept up in a tornado with the latest news of a 17-year-old boy...
Keep Up With October Crypto Events Checking Out This Quick Roundup
Top Crypto Market News Of October You Should Catch Up With Do you think the world is turning more crypto-crazed day by day? There’s no limit to your investments...
A Collection Of Fresh Crypto News For Those Who Missed Out
The Major Roundup On The Latest Crypto News In The World The last month has been full of events and brought even more pressure on local business pretty...
What Everyone Should Know About Tokenization
Blockchain tokenization is a means of digital representation of a right and can be done with the help of a ledger. This can be a right to asset ownership...
What To Expect From A Cryptocurrency Market In 2020
Crypto market has always been a good target for speculation, shady schemes, and "bad guys". It's also very controversial, especially for financial markets...
Ethereum Foundation Confirms Upcoming ‘Istanbul’ Upgrade
On November 7th, Péter Szilágyi announced the date of the foundations impending upgrade, known as ‘Istanbul’. This upgrade will be the eighth hard fork...
Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming more...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of cryptocurrency....
Influence of Recent Cryptocurrency Boom: Does It Still Hurt?
Crypto Exchange Agrees With Reports Showing 51% Attack On Ethereum Classic Bitcoin is a decentralized digital currency (also known as cryptocurrency)....
What is a Security Token?
Security tokens became very popular, but do you really know what is STO?STO is Security Token Offering, which is identical to an ICO. In this, there are...
Canada Reports Blockchain To Be Amongst Its Highest Paying Industries
A report recently published by the Canadian Digital Chamber of Commerce proves that the money involved in the blockchain industry of the nation is at the...
Cryptocurrency Exchange Security Levels
The growing interest in cryptocurrencies has led to the emergence of a wide selection of both digital money and the sites where you can exchange one cryptocurrency...
Belarusbank Considers Setting Up Crypto Exchange
Last year March Belarus introduced a decree by which it legalized cryptos and some activities related to them. This made Belarus a frontrunner in the race...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold than...