Only 8% Of Americans Think Crypto Is The Best Long-Term Investment

A poll released Thursday revealed that only 8% of American adults feel crypto is the best long-term investment. Real estate, followed stocks and gold, beat out digital currency.

Gallup surveyed 1,019 adults from April 1-19. This year, Gallup added cryptocurrency to the list of six options for respondents.

Crypto sat just under savings accounts-CDs (10%) as the best investments overall, according to respondents.

Real estate (45%) was way ahead of the six options. Stocks-mutual funds were the second-best option among respondents (18%), followed by gold (15%). Cryptocurrency sat above just one of the six options, bonds. Only 3% of respondents said bonds were the best investment.

However, Gallup included crypto as an option for only half of the respondents, which changed the results of some options. For example, without a cryptocurrency option, 24% of respondents listed stocks-mutual funds as the best investment. When crypto was on the list, that percentage dropped by six points to 18%.

Still, stocks were the only option that presented a significant change. Savings accounts and CDs actually rose from 9% to 10% with cryptocurrency on the list. Bonds dropped from 4% to 3%. When crypto was an option, real estate and gold did not change.

The results also changed when broken down by age. Notably, among those aged 50 and over only 2% thought crypto was the best investment option, below bonds (4%). Among this age range, 37% answered real estate and 23% said stocks-mutual funds. Gold (21%) and savings accounts-CDs (10%) followed.

Respondents between the ages of 18-49 flipped some results around. A higher percentage of this age range answered that real estate was the best investment (53%). Notably, cryptocurrency appeared second on the list with 13% of younger respondents answering cryptocurrency as the best investment. Stocks-mutual funds tied with crypto as the best investment in this age range.

Bonds were the least popular amongst younger respondents, with 2% saying that bonds were the best investment. Savings accounts-CDs (9%) and gold (9%) tied for third among the younger respondents.

“Americans overall don’t see it [crypto] as one of the top investment options yet, but that could change in the future because many younger adults already consider it a viable investment choice,” Gallup wrote. “Americans continue to perceive real estate as the best investment.”

People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Photo: Reuters / Shannon Stapleton

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