Study: two-thirds of Europeans believe in the future of bitcoin

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4 years ago

Two-thirds of Europeans are convinced that in ten years, cryptocurrencies will not disappear and continue to exist. Such results were shown by a survey conducted by the bitcoin exchange bitFlyer.

The second annual study to calculate the so-called Crypto-Confidence Index was attended by 10 thousand people from ten countries. A year later, the indicator of confidence in cryptocurrencies grew by 3% from 63% to 66%.

Commenting on the results, bitFlyer Europe's Chief Operating Officer Andy Bryant admitted that the higher level of cryptocurrency adoption is partly due to the current economic uncertainty caused by the COVID-19 pandemic.

Italy, which took the brunt of the new coronavirus, turned out to be the most optimistic about cryptocurrencies - here the share of those who believe in the future of cryptocurrencies was 72%. The second line in this ranking with an indicator of 70% was shared by the Netherlands and Poland, followed by Spain (68%).

Data: bitFlyer

Researchers emphasized that the results should be taken with caution, since a quarter of those who believe that cryptocurrencies have a future found it difficult to explain what role they will play.


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I would be very careful with surveys like this. I think they are not representative at all. In my opinion, the approval for cryptocurrencies in Europe is very low. Very many people do not even know what it is. She heard something about bilcoin and blockchain and that's it.

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No doubt about it. Cryptocurrency has come to stay. The whole world has realised it. Especially, with the outbreak of Covid-19 which nearly killed many fiat currencies, cryptocurrency is the antidote to utility needs.

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