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Block: Confidence in Bitcoin hinges on knowledge of cryptocurrencies

Block: Confidence in Bitcoin hinges on knowledge of cryptocurrencies

Researchers from Block заявили that there is a direct correlation between the likelihood of purchase and the level of awareness of digital assets.

They surveyed 9,500 respondents from North America, Europe and the Middle East, as well as the Asia-Pacific region.

41% of those who described their knowledge of cryptocurrencies as sufficient reported a high likelihood of purchasing Bitcoin in the next 12 months. Among those who assessed their knowledge as insufficient, such respondents accounted for only 7.9%.

Experts identified the greatest interest in digital assets in Nigeria, India, Vietnam and Argentina.

Данные: Block.

Among the reasons for not being ready to buy Bitcoin, respondents cited lack of necessary education (51%), concerns about potential theft (32%) and high volatility (30%).

Respondents from countries with relatively low income levels view Bitcoin as a means of payment or for use in remittances (40%).

In higher-income countries, half of the study participants view Bitcoin as a means of earning money, 30% as a way to diversify their investment portfolio.

Данные: Block.

Experts also found a strong correlation between the desire to buy Bitcoin and inflation observed in the respondent’s country. The highest share (45%) among those who view digital gold as a hedge against a significant rise in consumer prices is among residents of Argentina.

Данные: Block.

The study also showed greater awareness of Bitcoin than Ethereum — 88% and 43% of respondents were aware of these digital assets, respectively.

FTX CEO Sam Bankman-Fried усомнился in Bitcoin’s ability to become a popular payment system due to the inefficiency and high environmental costs of its blockchain.

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