Americans’ Preference for Real Estate, Crypto Plunges — Fondness for Gold Skyrockets – Bitcoin News
A recent Gallup poll revealed a significant decline in the percentage of Americans who identify real estate as their preferred long-term investment, despite its continued popularity. In contrast, the Gallup poll indicates that the perception of long-term investments in gold has seen an almost double increase compared to the previous year’s poll on the same topic.
Gallup poll reveals preference for real estate and cryptocurrency segments, while bias towards gold nearly doubles
Gallup, Inc. revealed. , the Washington, D.C.-based analytics and advisory firm, recently unveiled Latest Gallup poll On Long-Term Investments on May 11, 2023. With a history dating back to 1935, Gallup has conducted public opinion polls all over the world.
The survey, which was conducted from April 3 to April 25, 2023, delves into various investment options such as real estate, gold, stocks, bonds, and crypto assets. The findings were drawn from telephone interviews conducted during the same period, and included a randomly selected sample of 1,013 adults ages 18 and older residing in the United States.
The latest Gallup poll reveals that real estate has emerged as a preferred long-term investment, but the attractiveness of this asset has seen a significant decline among Americans. Support for the drug has dropped from 45% last year to 35% today.
Lydia Saad, author of the Gallup Poll Report, highlights that this current ratio is consistent with the typical selection rate observed between 2016 and 2020, “before home prices spiked during the pandemic.” Saad further explained that the attractiveness of the housing market has waned over the past year, as rising interest rates dampened investor enthusiasm.
While the perception of US stock indices has largely stagnated compared to the previous year, there has been a slight decrease from 24% in 2022 to 18% currently. On the other hand, the attractiveness of gold as a long-term investment has been on the rise since last year.
Gold rose from 15% to 26%, overtaking stocks and taking the second most preferred spot for a long-term investment, according to Gallup respondents. “Today’s preference for stocks is at the lower end of the range of 17% to 27% of Americans choosing them since 2011,” Saad explained.
According to the author of a Gallup poll, in the previous year, 8% of Americans surveyed favored crypto assets as their preferred long-term investment. However, the attractiveness of choosing cryptocurrency for long-term investments has dwindled to 4%. Saad attributed this decline to the FTX infection and the drop in prices it was exposed to Bitcoin (BTC) in 2022, dampening enthusiasm for crypto assets.
The survey also highlighted an interesting trend: when cryptocurrencies were included as an option in the survey, respondents were less inclined to choose stocks, but their preference for stocks increased when crypto assets were not among the options. While crypto assets outperformed bonds as a long-term investment option last year, bonds gained 7% in the latest poll.
What are your thoughts on the changing landscape of long-term investment options revealed by the Gallup poll? Share your thoughts and let us know which investment options interest you the most in the comments section below.
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