UK Bitcoin Awareness Growing
November 14 2018 - 12:06PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
November 14, 2018 -- ADVFN Crypto NewsWire -- A recent survey
by YouGov addresses the level of acceptance for cryptocurrencies by
citizens in the UK. It highlights the disparity between older and
younger generations, as well as a strong difference between
knowledge held by men and women of the new technologies. The
question used may have been somewhat misleading due to a greater
lack of understanding of how traditional fiat currencies are
created, monitored and used.
We’ve all heard of Bitcoin
– but most of us don’t get it
-
93% have heard of
Bitcoin.
-
4% understand Bitcoin ‘very
well’
-
23% understand it ‘fairly’
well,
-
Of the 23%, it was heavily in favor
of males with 33% claiming to understand it fairly well, while only
12% of females claimed to understand the technology fairly
well.
Here there is a huge gray area in
the data because it is based on opinion of the respondent. What
level of understanding is “very well.” In future studies, it will
be interesting to see what the public would answer to specific
questions about the nature of Bitcoin, cryptocurrencies and how
they function.
Who’s actually bought
Bitcoin?
-
4% say they have,
-
Again, this statistic was heavily
in favor of males with 6% saying they have bought Bitcoin, compared
to 1% of women
-
9% 18 to 24 year olds say they have
bought the cryptocurrency
-
1% of those aged 55 and
above
Cryptocurrencies could be
as common as card or cash in future?
-
21% think cryptocurrencies will one
day be as commonly used a payment method as card or
cash.
-
In this statistic, the distribution
between males and females was much more even - 22% of men vs 19% of
women.
-
43% saying they do not think
cryptocurrencies will ever be as common as cash or card
-
34% said they don’t
know.
Currency by the people, for
the people? Not so sure
Respondents were asked about the
deeper implications of cryptocurrencies like Bitcoin that are truly
decentralized, peer-to-peer and open to the public. They were asked
how they feel about using a currency controlled by those who are
using it.
-
20% say they feel ‘very
negative’
-
3% said they feel ‘very
positive’
-
9% said they feel ‘fairly
positive’
-
20% said they feel ‘fairly
negative’
By: BGN Editorial Staff
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