More than 56% of American retirees over the age of 50 know what bitcoin is but refuse to invest in it. Meanwhile, less than 3% of this group own bitcoin already. These are the sobering findings uncovered by Gold IRA Guide, a magazine about precious-metal investing. 1 in 3 Retirees Have No Idea What Bitcoin Is Earlier this month, Gold IRA Guide surveyed 1,000 American retirees over age 50 to learn their thoughts about bitcoin. The results are discouraging if you’re a crypto fan because it shows that retirees remain skeptical of crypto and have not bought into the hype

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