Bitcoin [BTC] is known by 93% of the United Kingdom, but only 4% understand it “very well”, finds survey

A new survey has surfaced that suggests an overwhelming majority of individuals in the United Kingdom, close to 93%, have heard of Bitcoin [BTC]. Moreover, one in five individuals think that cryptocurrencies will be as common as cash or card payments in the future.

The survey, conducted by YouGov, also expresses a downfall with the knowledge dissemination regarding the Bitcoin protocol, with only 4% stating that they understand Bitcoin very well. 23% say they understand it “fairly” well. The younger generation of individuals remains as more likely to understand Bitcoin, with statistics of 43% vs. 16% in young and old individuals respectively.

Reportedly, only 4% of individuals say that they have purchased Bitcoin, with the figure being 9% in younger individuals and only 1% in older ones.

21% of the respondents stated that cryptocurrencies as a whole will commonly be used as a payment method. Men and women are both almost equally likely to believe this, with recorded figures of…

Read Full Story : AMBCrypto

2018-11-08 17:00:59

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