Greater than 45% of over 5,000 survey respondents from 17 completely different nations mentioned they most popular Bitcoin (BTC) over investments in shares, actual property, and gold.
The survey, which aimed to match Bitcoin (BTC) adoption charges from 2017 to these in 2020, was carried out by Tokenist, which describes itself as an unbiased media outlet targeted on overlaying the most recent Fintech and blockchain developments.
Sia Mohajer, a co-founder at Tokenist, advised Crowdfund Insider that the survey was carried out by using three datasets with greater than 5000 respondents based mostly in 17 nations. This allowed the researchers to investigate 2017 public sentiment in the direction of Bitcoin and evaluate it to folks’s attitudes in the direction of the cryptocurrency proper now.
Round 61% of the full respondents (and 78% of millennials) mentioned they’re now “somewhat familiar” with BTC, and 14% of millennials claimed that they presently personal the digital asset.
Roughly 60% of respondents consider that Bitcoin is “a positive innovation” in Fintech, which is a rise of 27% since 2017.
Curiously, 47% of Tokenist’s survey respondents mentioned they “trust Bitcoin over big banks, an increase of 29% in the past three years.”
Round 43% of respondents, and 59% of millennials, “feel that most people will be using Bitcoin within the next decade,” the survey revealed. About 44% of millennials now say they’re “likely to buy BTC in the next five years.”
Roughly 33%, or one in three, millennials say they plan to “hold onto Bitcoin they are given, while a slightly smaller number (27%) would immediately sell it.”
Round 39% of male millennials now have “no problem with the intangible nature of BTC, and a quarter of millennials as a whole report the same attitude.”
Solely 24% of millennials “think that Bitcoin is a bubble, though 50% of the over-65s do,” the survey revealed.
Though the survey’s outcomes seem to counsel that Bitcoin adoption has elevated, it’s worth noting that the BTC price has remained properly beneath the $20,000 mark it virtually reached again in December 2017. The general market capitalization of the cryptocurrency market had skyrocketed to over $800 billion throughout late 2017 and early 2018, however then got here crashing down throughout the prolonged bear market of 2018.
Current knowledge exhibits that solely 0.5% of BTC addresses personal greater than 10 Bitcoins, an quantity valued at round $88,000 on the time of writing. This additionally confirms that the overwhelming majority of individuals nonetheless don’t maintain their wealth in Bitcoin or different digital property, which means that the general public nonetheless doesn’t “trust” decentralized cryptocurrencies to the extent that it might result in mainstream acceptance and adoption.
Extra particulars about survey methodology may be accessed right here.