Altcoin News: Study: 4% of Americans Chose Cryptocurrencies as the Best Investment Option for the Long Term

July 23, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to the latest SSRS study, 4% of Americans have chosen Bitcoin and other cryptocurrencies as the best investment option for the long term.

SSRS conducted a survey on behalf of Bankrate.com to determine the most popular long-term investments in America. Researchers asked respondents the question:

“For money, you wouldn’t need for more than ten years, which one of the following do you think would be the best way to invest it?”

The options were: real estate, stocks, cash investments, gold/metals, bonds, none, and Bitcoin/cryptocurrencies.

As a result, 4% of respondents answered that Bitcoin and other cryptocurrencies are the best investment option in the long term. For 31% of respondents, real estate has become the most preferred long-term investment of the proposed options.

1,015 respondents took part in the survey. The survey was conducted from June 25 to June 30, 2019. The SSRS study confirmed that cryptocurrencies are most popular among young people. According to the researchers:

“Millennials picked cryptocurrencies as their top long-term investment about 9 percent of the time — about triple the rate of Generation X. Earlier generations had negligible numbers of respondents selecting virtual currency as their top choice.”

Although retail investors rarely consider Bitcoin and other crypto-assets as a long-term investment, the situation in the market of institutional investors is different. A Fidelity survey in May of this year showed that 22% of institutional investors added cryptocurrency to their portfolio, and 40% of participants are open to investing in crypto-assets over the next five years.

Author: Marko Vidrih