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Yahoo
3 days ago
- Business
- Yahoo
Crypto Still Seen as 'Risky' Among U.S. Investors Despite Ownership Surging 8x Since 2018: Survey
Cryptocurrency may be easier to buy than ever, but most Americans still want no part of it. A new Gallup survey found that just 14% of U.S. adults own crypto, a figure that has been growing but still represents a small slice of the investing public. The study, conducted in mid-June, revealed deep skepticism about cryptocurrencies. 60% of respondents said they have no interest in ever buying cryptocurrency, and just 17% admitted they're intrigued. Only 4% of respondents said they plan on buying crypto in the near future. Gallup also found that among U.S. investors owning more than $10,000 in stocks, bonds or mutual funds, 55% considered the asset class 'very risky.' Still, ownership rates skyrocketed from 2% in 2018 to 17%. This skepticism isn't surprising, despite the U.S. having a pro-crypto president and clearer regulations that have recently been rolling in. While the 2021 bull run ushered in extreme volatility and made crypto a mainstream topic, the subsequent brutal crypto winter, which saw many high-profile bankruptcies, such as FTX, as well as scams and exploits, soured retail investors' sentiment. Although crypto has since then seen institutional investors jumping into the market, helping it become more legitimate, many retail investors, burned by the past losses, are likely still staying vigilant. Four years ago, Gallup found that 6% of U.S. investors owned cryptocurrency. That figure has since risen but may be conservative, as a Fed survey revealed 12% ownership among U.S. investors. Diving deeper into the ownership, the demographic divide is stark. While one in four men aged 18 to 49 owns crypto, the survey found that ownership drops sharply among women and older adults. College graduates and high-income earners report above-average participation, but seniors and low-income households remain largely absent from the space, the survey shows. Knowledge gaps also persist. Nearly everyone surveyed had heard of crypto, but only 35% said they actually understood how it works. Familiarity was highest among younger men and the wealthier. Even among those who claim to understand crypto, most still call it a risky bet. Among U.S. investors, 64% see the asset class as 'very risky,' up from 60% in 2021. The survey found that about one in seven Americans owns crypto, while nearly six in 10 own stocks or real estate. Only 4% of adults said crypto is the best long-term investment.
New York Times
16-07-2025
- Business
- New York Times
Public Views of the Fed Chair Are Polarized as Trump Mulls His Firing
Public confidence in the chairman of the Federal Reserve, Jerome H. Powell, is low. As President Trump muses anew that he might fire Mr. Powell, only 37 percent of Americans say they have confidence in the Fed chief to recommend the right policy for the economy, according to a recent Gallup survey. Mr. Trump's attacks on Mr. Powell are not new. But even though the Fed, like many institutions in America, has made a concerted effort to stay above politics, it is not immune to the country's growing polarization. In the early 2000s, both Republicans and Democrats had broadly positive attitudes about Alan Greenspan, the Fed chair at the time. As Americans grew increasingly politicized across nearly every issue, their attitudes toward the Fed chair tended to closely match their views of the incumbent president. Democrats were particularly positive toward Ben Bernanke in the Obama years, for example, while Republicans had high confidence in Mr. Powell shortly after Mr. Trump appointed him during his first term. But while people are aware of the position of Fed chair, and how their decisions have broad consequences for Americans at every income level, many people don't know who Mr. Powell is. When Americans were asked in 2024 if they approved of Mr. Powell's job performance, more than 40 percent of respondents did not offer an opinion, according to a survey from Ipsos, a public affairs firm. Republicans turned deeply negative toward Mr. Powell during former President Joseph R. Biden's time in office, when Democratic confidence in the Fed chair soared. But Mr. Powell has been experiencing a rebound in support among Republicans as Mr. Trump weighs firing him before his term ends next year. Mr. Trump seemed to back off his threat to remove Mr. Powell in comments at the White House on Wednesday, a backtracking that may reassure business leaders and administration insiders who have warned against such a move. 'Playing around with the Fed can often have adverse consequences — the absolute opposite of what you might be hoping for,' Jamie Dimon, the chief executive of JPMorgan Chase, told reporters after his bank's quarterly earnings release on Tuesday. And while trust in Mr. Powell hovers below 40 percent, the same Gallup survey that produced that figure put confidence in Mr. Trump's ability to handle the economy only slightly higher: Only about 44 percent of Americans have confidence in the president to do the right thing for the economy.
