According to Gold IRA Guide’s new survey held on April 7, less than 3 percent of American retirees hold some amount of bitcoin (BTC).
The survey even mentions that the American retirees avoid taking huge risks, especially when it is concerned with their investment portfolios. This is because of their age and lack of Bitcoin knowledge.
Not only American retirees, but even retirees from other parts also avoid investing their saving in things they don’t know.
The precious metals based magazine, Gold IRA Guide carried out a survey by calling American retirees, more than 50 years old asking them to express their opinion of investing in Bitcoin, the number one cryptocurrency of the world.
The survey result was out and mentioned that 56.7 percent of American retirees were aware of Bitcoin, and they were not interested in making an investment into it, around 33 percent of US retirees did not know what Bitcoin is.
Further, the survey mentioned that only 3 percent of American retirees had purchased some amount of Bitcoin, 3.4 percent were ready to make investments in BTC but don’t know how and where to invest while 4.3 percent of them said that they are more likely to invest in Bitcoin but not now, in future.
In April, a source revealed that only 2 percent of Russian citizen own bitcoin. The survey was held in post-Soviet Russia, conducted by the oldest polling institution.
Gold IRA Guide on Twitter posted a tweet saying:” Retirees are not well-known for being major risk takers. In fact, quite the opposite is true with their age bracket. This is why it should not come as a huge surprise…”
According to Gold IRA Guide’s view, the Bitcoin community still needs to work hard and create awareness about the number one currency BTC. Bitcoin community needs to educate the American retirees because they lack Bitcoin knowledge
The survey notes, “Retirees are always interested in alternative assets that can help diversify their portfolio against market fluctuations.” Gold IRA Guide stated: “The IRS approving cryptocurrency IRAs is an indication that retirees are increasingly interested in including some cryptocurrencies in their retirement accounts.”
Joint research was carried out by the Trade Crypto and trade publications Global Custodian. The joint study revealed that for crypto-based investments, nearly 94 percent of provisions were allocated for the entire 2018 year.
The survey clearly mentions that Bitcoin is mostly not accepted by the elderly community. The perfect example is of Warren Buffet and Nourie Roubin.
Last week, one of the world’s wealthiest businessmen, Warren Buffet had said in 2018 that BItcoin was like ‘rat poison squared’. He said that the digital currency is an illusion; cryptocurrency is not supported by anything or an asset of value and it will not bring profit to shareholders. This makes us question the knowledge Warren Buffet has about Bitcoin.
Many elderly American people are against Bitcoin, but some retirees believe that owing BTC makes sense and can benefit you in the future.