A Tokyo-based crypto exchange, bitFlyer recently released a survey report that inferred that 63% of Europeans confidently believe that crypto will still exist in 10 years as reported by a London based fintech publication, FStech on April 24.
The exchange was licensed to operate in the European Union in 2018 and has reportedly polled 10,000 respondents in Europe in order to find their thoughts about cryptocurrencies such as bitcoin (BTC). The exchange reportedly surveyed 10 countries namely, the United Kingdom, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, and Spain.
The majority of Europeans asserted that as per them, crypto will exist in 10 years. Notably, more than 50% of respondents in each country predicted the existence of digital assets in some form or other.
Amidst all, Norwegian respondents were the most optimistic about crypto and 73% thought that crypto will continue. Whereas French respondents have had been the most pessimistic, wherein only 55% claimed that they believe crypto could be a long-term instrument.
The flagship cryptocurrency, Bitcoin receives the confidence of fewer Europeans as an average of 49% of respondents across the nations thought that bitcoin will exist 10 years from now. Similar to the broader aspect of crypto future, the study further disclosed that French respondents were the least optimistic about bitcoin as only 40%, believed that BTC could survive. As for Italian and Polish, 55% and 53% spoke in favor of bitcoin, respectively.
Interestingly, very few Europeans entrusted bitcoin as an investment or a security tool in the forthcoming 10 years, an average of just 7% of Europeans believe so. The COO at bitFlyer Europe, Andy Bryant, reportedly stated that the poll results illustrate that cryptocurrency has moved beyond hype and has established itself in the minds of the general public.
Concluding, Bryant noted that the industry disruptors should now promote the particular benefits and use cases of crypto in order to understand how the technology will come to be used in society.
Read more:China’s Forex Regulator Develops A Blockchain Pilot For Trade Finance Solution
Image source – Stock Photos Secrets
Bitcoin Price Analysis – BTCUSD On A Downward Correction
Ethereum Price Forecast – Will ETHUSD Revisit $170 Price Level?
Ripple Price Prediction – Will the Ongoing Bearish Trend Continue?
EOS Price Outlook – Will EOSUSD Continue The Downward Momentum?
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
