Bitcoin price LIVE: Number of investors triple since 2018 as Musk helps stabilise crash | City & Business | Finance


The recent survey found the number of investors in the US now holding bitcoin has jumped from two percent in 2018 to six percent as of June this year. The research by the global analytics and advice firm defined “investors” as adults with $10,000 or more invested in stocks, bonds or mutual funds.

Investors under 50 more than trebled over the past three years from three percent in 2018 to 13 percent.

Those investors over 50 were much lower but still saw an increase from one percent to three percent.

The survey found 84 percent of investors polled had an interest in stock index funds or mutual funds, while 67 percent said they owned individual stocks and 50 percent have bonds.

All major cryptocurrencies have struggled over recent weeks following China’s crackdown on crypto mining.

Bitcoin fell around four percent on Wednesday last week, marking its lowest point in nearly three weeks.

Other major cryptocurrencies also fell with ether, Cardano, and ripple all losing between five to six percent.

However, over the last 24 hours, bitcoin jumped beyond $30,000 as Elon Musk said Tesla is “most likely” to start accepting it as payment again.

Back in May, the Tesla boss said they would no longer accept the cryptocurrency for purchases, citing concerns over the environmental impact of bitcoin mining.

During the B Word cryptocurrency conference yesterday, Mr Musk said: “Most likely the answer is that Tesla would resume accepting Bitcoin.”

Following his comments, Bitcoin was up six percent at $31,952, and Ethereum was 10.6 percent higher at $1,979, according to data from the Coindesk website.

The results of the poll come from the Gallup Investor Optimism Index survey conducted between June 22 and 29, 2021, among 1,037 investors in America aged 18 and older.


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