One-fifth of US adults are considering buying Bitcoin: survey


Alex Dovbnya

Undeterred by the sell-off, 21% of Americans are willing to buy the dip

According to a recent survey published by decision-information firm Morning Consult, more than a fifth of US adults considered buying Bitcoin, the largest cryptocurrency, as of last week.

Image by morningconsult.com
In comparison, the purchase price dropped to just 13% last July, after the top cryptocurrency fell to just $28,500.

The recent cryptocurrency crash has not dampened the enthusiasm of Bitcoin owners, the majority of whom are willing to buy the dip, according to the aforementioned survey.

Unsurprisingly, millennials remain the most crypto-friendly demographic, with nearly a third of them willing to buy Bitcoin.

Men and those respondents with annual incomes over $100,000 are also more likely to buy the flagship cryptocurrency than the average American adult.

On January 24, Bitcoin price dropped to $32,950. Earlier today, it rose to an intraday high of $39,285, recovering 19% from its recent low.

The vast majority of Bitcoin owners (70%) say the main motivation behind their investment was to make money.

The Morning Consult survey shows that those who own more than $500 in Bitcoin generally expect the price of the bellwether cryptocurrency to regain the $60,000 level within the next six months.

Bitcoin owners are also expected to have a much higher risk appetite compared to the rest of the respondents.

As reported by U.Today, 90% of Americans have heard about the largest cryptocurrency, according to another Morning Consult poll published last July.

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