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Bitcoin [BTC] reigns as popularity king; 71% of Americans know about it, 36% for widespread use in 10 years

Anirudh VK

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Bitcoin [BTC] reigns as popularity king; 71% of Americans know about it, 36% for widespread use in 10 years
Source: Unsplash

71% of Americans know about Bitcoin [BTC], making it the most well-known cryptocurrency, according to research by YouGov. The survey, which was conducted through YouGov Omnibus, also found that Ethereum [ETH] is the second most-known cryptocurrency, with 13% of citizens knowing about it.

Behind Ethereum came Litecoin [LTC], with 11% of respondents stating that they have heard about it. Other notable mentions include Dash [DASH] with 10% and XRP with 7%. 21% stated that they have not heard of any cryptocurrency at all.

The research also provided data on the gender split between knowledge of cryptocurrencies, with men more likely to have heard of cryptocurrencies than women. 27% of women stated that they have not heard of any cryptocurrency, compared to men, out of which only 16% replied negatively.

In those that had heard about Bitcoin, 87% admitted that they did not have any involvement with the cryptocurrency. This includes any activities such as trading or mining the cryptocurrency. 49% felt that not buying Bitcoin earlier was a good thing and that they have no future plans for doing so. However, 15% felt that it was too late to buy the coin and that they wish that they had bought it earlier.

As a bullish news for long-term HODLers, 36% of individuals reportedly stated that they see cryptocurrencies become widely used as a method of transacting value in the next 10 years. This has been the dream of cryptocurrency enthusiasts worldwide, to see the technology being used to move value worldwide. Out of this group, it seems as the millennials are the most likely to believe this will occur, with 44% of them replying positively.



Out of the respondents who believed that the technology will become accepted, 36% stated that they would “be interested in” converting to using a cryptocurrency as a primary means of transacting value. 57% stated that they would not convert, thus showing that a majority would not switch from the safety of fiat currencies.

YouGov also stated that a near-equal amount of respondents did not consider that cryptocurrencies could be adopted widely in the mainstream. However, the research also said that around 25% of the respondents believed they are used for illegal purchases more than they are for legal ones. 17% stated that they are used for legal, and 19% said that they were used equally for both.





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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.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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