Europeans have less faith in bitcoin

NG research shows that fewer Europeans believe in bitcoin and are skeptical of cryptocurrencies in general. Moreover, more than 30% of respondents in Turkey are ready to receive a salary in BTC.

With the exception of Turkey, Poland, and Romania, most of Europe does not believe that cryptocurrencies will become an integral part of the financial system in the coming years, according to a study.

The study, which covers 12 countries in Europe, as well as the United States and Australia, suggests that people are losing faith in the potential of bitcoin. According to the report, the attitude of Austrian residents to bitcoin has deteriorated to the greatest extent, and only 13% of respondents said that they are positive about the spread of cryptocurrencies. In 2018, such an answer was given by 20% of respondents, which indicates a significant decrease in confidence in cryptocurrencies.

The study also evaluated the average level of Bitcoin awareness in a particular country and found that Austrian citizens have the highest level of knowledge about BTC compared with residents of other countries participating in the survey.

Survey participants in Turkey were most optimistic about BTC. According to the researchers, 36% of respondents are ready to get paid in Bitcoin, and 62% of respondents are confident in the successful development of BTC.

The positive attitude towards bitcoin was expressed by residents of Romania and Poland. In these countries, 44% and 43% of respondents, respectively, are positive about the spread of BTC and believe in its active implementation in the financial system in the coming years.

A recent Nobl Insurance study found that 25 million Americans are planning
investments in cryptocurrencies. In addition, according to a Paxful study, 80% of Colombians are willing to invest in cryptocurrencies. Earlier research by Grayscale found that 36% of Americans are willing to invest in bitcoin.