Monday, May 27, 2024

66% of Europeans Feel Optimistic About Future of Bitcoin, Study Shows

Europeans are more optimistic about the future of bitcoin. A recent study suggests that two-thirds of them believe cryptocurrency will exist within 10 years, with some assuring that BTC will become an important part of the economy, both as security and investment.

The crypto exchange Bitflyer, which produced the study, said on Wednesday that Europeans are more optimistic that digital financial assets will continue to be used until 2030, perhaps awakening to reality due to the blocker of Kovid-19, which forced services. To be done strictly online.

At least 66% of people in Europe trust the future of bitcoin, he said. The number of people showing similar optimism is up 3% in 2019, citing a survey of 10,000 Europeans in 10 countries, Bitflyer added. The exchange is the largest in the world by volume of operations.

Italy, which experienced a peak in coronavirus restrictions in March, is the safest with 72% confidence in cryptocurrency longevity, while the United Kingdom is the least secure with 56%, the results of the survey. About 70% of people in the Netherlands and Poland believe in digital assets for the future.

According to the study, people in the UK who are slightly less optimistic have a confidence level of 1% less than last year. Norway is also no less fascinated.

Most Europeans are unclear about actual BTC use cases in the future or how cryptocurrencies will strengthen their place within their respective economies. About 10% expressed confidence that bitcoin would become a daily currency or would be used as a security or investment, the study showed.

However, in Italy, 12% of people believe that cryptocurrency will one day be used as the current currency, an increase of 2% over the previous year. This figure compares with 10% of Polish citizens and 5% of British citizens who are convinced that this may be the case.

Bitflyer Europe COO Andy Bryant said the result was “the slow but steady progress of cryptocurrency in the general consciousness.” While we can see this as an achievement for digital currencies despite difficult economic times, it is also worth considering that this may be due to these times. ”

What do you think about European optimism? Tell us in the comment section below.

Teodora Torrendo
Teodora Torrendo
Teodora Torrendo is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.

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