A poll conducted by Gallup-Wells Fargo revealed that 72% of U.S. investors have no interest in ever buying Bitcoin, while 2% currently own the cryptocurrency and 26% are on the fence.
The results were based on a second-quarter Wells Fargo-Gallup Investor and Retirement Optimism Index survey conducted online from May 7 to May 14 via the Gallup Panel. The poll consisted of U.S. adults with $10,000 or more allocated to stocks, bonds or mutual funds within or outside a retirement savings account.
As of 4:00 p.m. ET, Bitcoin’s price currently stands at $7,770.55–down 4.42% the past day and down 7.36% the past seven days despite crossing the $8,000 price threshold that many Bitcoin bulls said would signal a significant rally in the cryptocurrency.
However, Bitcoin is still up 22.21% the past month due to a mix of positive news surrounding the cryptocurrency, such as increasing interest from investment giant BlackRock, the world’s largest asset manager ($6.3 trillion in assets under management). BlackRock is said to be is assembling a team tasked with the sole purpose of exploring opportunities within the cryptocurrency space.
Additionally, a number of firms have been attempting to get a cryptocurrency-related ETF into the capital markets in order to gain investor approval with the oversight of a regulatory body. The U.S. Securities and Exchange Commission (SEC) is deciding whether to approve a Bitcoin exchange-traded fund (ETF)–a request filed through the Chicago Board of Exchange (CBOE) by investment firm VanEck and blockchain platform SolidX.