BitFlyer-study: Europe’s confidence in Bitcoin & co. increases

Serious developments since the previous year 2019, we must not expect in the survey. However, a growing trust of many citizens is shown.

Again people in ten European countries surveyed

Also for the field of crypto-currencies such as Bitcoin and the usability of the Blockchain, there are more and more studies. That not only companies in the crypto-world self-deal with surveys and statistics, is a good sign in terms of the Opening of the “main stream” for the growth of the market. A fresh survey of the service provider bitFlyer EUROPE S. A. indicates that consumers ‘ increasing confidence in the digital currencies, despite (or perhaps because of) the impact of the Corona-crisis. The business part of the Japan-based bitFlyer, Inc.–Group, a leading Bitcoin – and Blockchain-based company in Japan. The survey was carried out in the countries of the European home of the daughter company. The so-called “bitFlyer Europe Crypto Confidence Index” will be determined once per year.

To interrogate this purpose, the experts of the company in ten European countries, each of 1,000 people. On the list of countries including Germany, France, Norway, Belgium, and five more are to be found again. This results in a group of participants from a total of 10,000 people.

Germany slightly below average

A Central question of the study relates to the evaluation of the respondents to the existence of Bitcoin and co. in ten years. Overall, two-thirds of the participants think that digital currencies will exist by 2030. Gender and age were not taken into account in this point. Germany is here by the way at 64 percent, slightly below the European average. The overall confidence in BTC, Ethereum, Altcoins and tokens increased compared to 2019 by three percent. This value applies with the exception of Germany (+ 1 %) for all other participating countries. Especially in the Corona hard-hit Italy, the development is very positive, because that is where 72% of the respondents of a persistence of digital Assets by 2020, is firmly convinced. Also, Poland and the Netherlands (70 %) are very optimistic when it comes to the crypto-future. The authors come to the conclusion that the trust is increasing rather slowly but steadily in Europe.

Especially of crisis-affected countries on Coins?

They attest to digital currencies, a favorable developments, when it comes to the evaluation on the part of ordinary citizens. The authors also see a longer-discussed fact, In countries such as Venezuela and Turkey, which were affected by extremely high rates of inflation or are and, therefore, with considerable economic problems, fighting, interest in Alternative offers to traditional banking and financial world. Exceptions, such as Norway or the Netherlands, as solid members of the leadership group for the “trust question” to confirm, as is so often the rule. In Europe, this applies for example to Italy. The survey shows even more: Every Fourth, holding a existence for secured, has no idea of how exactly this existence. The value has increased since 2019 by as much as two percent. Only nine percent expect the Bitcoin 2020 will be accepted as proof of payment. And so, inevitably, the Blockchain technology.

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