BITCOIN TALK… 93% of Brits Have Heard of Bitcoin, but Only 4% Have Bought It, Survey Shows

The overwhelming majority of British folks – 93 p.c – have heard of Bitcoin (BTC), however solely four p.c declare to have purchased it, based on a latest ballot by UK market analysis firm YouGov revealed Nov. 7.

In accordance with the survey, carried out this month, 9 out of ten Brits have heard of Bitcoin, nevertheless, they report not understanding it. Solely four p.c of these surveyed claimed they perceive Bitcoin “very properly,” whereas 23 p.c state they understand it “pretty properly,” with males nearly thrice as probably as girls to say so (33 p.c towards 12 p.c). Youthful Brits prevail amongst those that claimed to grasp Bitcoin, the report states.

By way of precise investments in Bitcoin, youthful residents are additionally in first place. One in eleven (9 p.c) of British 18 to 24 12 months olds have bought Bitcoin, compared to one in 100 (1 p.c) for folks over 55. Nonetheless, total, solely four p.c of respondents have bought Bitcoin, with the gender break down considerably extra male – 6 p.c of males, in comparison with 1 p.c of girls surveyed.

Moreover, a major variety of younger folks, 36 p.c of these surveyed within the 18 to 24 12 months previous vary, declare they personally know somebody who has purchased Bitcoin earlier than.

Supply: yougov.com

The German Shopper Facilities of two federal states, Hesse and Saxony, have not too long ago carried out an identical survey. Out of 1,000 Germans between the ages of 18 and 39 polled, 55 p.c claimed they’ve heard of cryptocurrencies earlier than. Additional, 28 p.c of respondents from 18 to 29 discovered buying cryptocurrencies to be “conceivable.”

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