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Bitcoin [BTC] adoption to rise? ING Group survey states increased interest!

Anirudh VK

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Bitcoin [BTC] adoption to rise? ING Group survey states increased interest!
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A consumer report released by multinational banking and financial services giant ING Group found results of increased interest in Bitcoin [BTC], with interest doubling in the near future. The report was conducted across 13 countries with 15000 respondents.

As the bear market terrorizes investors and bagholders, increased adoption and organic trade activity seem to be the light on the horizon. The report showed that while less than 10% of Europeans own cryptocurrencies, 16% did expect to own them in the future.

15% of respondents said that they would consider receiving their salary in cryptocurrencies. 33% of these individuals believed that cryptocurrencies were the future of investing and online spending.

On this, a behavioral scientist at ING said:



“Cryptocurrency remains an abstract investment for many, but there may be more appetite for digital currencies than some might suggest…. Based on our survey, ownership of cryptocurrencies could more than double in the future – although we do not know when… The volatility of cryptocurrency carries with it both positives and negatives, on the plus side it can increase awareness but may also mean people view digital money as a relatively risky asset. If cryptocurrency stabilizes there may be increased interest.”

The market is currently in a slump, with most prominent cryptos shedding value over the past week. Bitcoin has lost 7.49%, with Ethereum losing 13.01%. Ripple’s XRP surprisingly held strong, with a loss lower than almost all of the top 10 coins at 11.28%. Tron [TRX] is unsurprisingly the most resilient at 11.24%, but that is considering that a 1 billion coin burn event is ongoing.

This comes at a time when there is a lot of regulatory confusion with the state of cryptocurrencies. The regulatory authority of the USA, the Securities and Exchanges Commission, has started making moves into the crypto space by cracking down on fraudulent ICOs and attempting to regulate markets.





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

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Bitcoin nirvana is happening right now, says Max Keiser

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Bitcoin nirvana is happening right now, says Max Keiser

Bitcoin’s price pump affected the altcoins’ valuation on an optimistic note. The digital coins recovered significantly this year after losing nearly 80% to 90% valuation since the market crash in the first quarter of 2018. As Bitcoin [BTC] continued to trade between $7,600 and $8,300, prominent analysts in the field speculated that the king coin could potentially spiral down a bit more. However, Max Keiser, a Wall Street veteran and host of the Keiser Report, who is also a noted Bitcoin bull is of the opinion that “crypto spring is here”.

The broadcaster, in the latest edition of the Keiser Report, stated,

“It’s just bleeding right into our lives we can hear the lawnmowers outside in there getting ready for crypto summer and then crypto fantasia crypto parallel dimension and the Bitcoin nirvana it’s all happening, it’s all happening, right now.”

Keiser also noted that the global economy was undergoing “deglobalization” which steemed out of uncertainty and volatility and added that there “was no way to hedge against that”.



Stacy Herbert, one of the most influential women in blockchain and a host alongside Keiser contributed to the discussion. She said at a time when deglobalization has hit the economy, one would certainly go along with Bitcoin. According to the broadcasters, trade wars between China and the USA was currently intensifying Herbert; While recalling history, they also took note that the empires started falling during the period of deglobalization which was eventually followed by the two world wars.

Keiser had previously remarked that “Bitcoin is hard money” very similar to gold, and added that it is going to “respond well to hyperinflation and hyper-money printing”.





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