Study: 6 in 10 Americans have heard about Bitcoin

While crypto may be obvious to us overlords of digital media, awareness of all elements of cryptocurrency still belongs to a small- but developing- minority. In a large scale survey by SurveyMonkey and the Global Blockchain Business Council, 5,000 is a response to an extensive poll about the popularity and use of cryptocurrency. Some interesting findings? First, simply 5 percent of people own Bitcoin but an additional 21 percent say “they are considering adding it to their portfolios.” Further, six in 10 Americans have heard of Bitcoin in general and most Bitcoin owners are non-partisan but overwhelmingly male( 71%) and non-white.

Further, most Americans- 69%- assure considerable upside and expect the price to increase in the next five years. Simply 13% believe it will fall. The survey continued: “But risk remains as bubbles are in the eye of the beholder. Asked about possible 2018 asset accidents, 38 percentage of all Americans( and 41% of Bitcoin owneds) learn Bitcoin as a bubble poised to pop this year. Some 31 percentage say the same about U.S. stocks and 27 percentage say so about dwelling prices.”

Bitcoin owneds are also more likely to trust Bitcoin( 24%) than the U.S. government( 17% ). Finally, Ethereum, Litecoin, and Ripple hitting 46%, 41%, and 23%, respectively and 7% knowing about Dogecoin.

These kinds of surveys are fun and informative at the very least because the threw a bit of scientific rigor against a complex problem of perception, understand, and appreciation. After all, just knowing that 60% of Americans are more likely nerve of cryptocurrency is better than noting further that your Uber driver mentioned Ripple once.

SurveyMonkey/ GBBC online conducted their survey from January 11 -1 8, 2018 among their own nationals sample of five, 761 adults ages 18 and up. They wrote 😛 TAGEND

Respondents for this survey were selected from the nearly 3 million people who take surveys on the SurveyMonkey platform each day. Data have been weighted for age, race, sex, education, and geography use the Census Bureau’s American Community Survey to reflect the demographic composition of the United States. The modeled mistake estimate for this survey is plus or minus 2 percentage points.

You can read more more about the method used here.

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