PANews conducted a survey and concluded that cryptocurrency has seen an increase of interest. This would indicate an increase in adoption rates if the market stabilizes in 2018.
The survey found that 50% of respondents had heard the terms “digital currencies,” “Bitcoin” or “cryptocurrency,” while 40% indicated a willingness to invest BTC or other digital assets. This is a clear indication of the popularity of cryptocurrency in China, even though the market was in deep red for most of 2018.
Some members of crypto verse are concerned about China’s BTC mining dominance. This gives China too much control over the largest digital currency market. Bitmain Technologies, a Beijing-based crypto mining company, currently mines more than half of all Bitcoins worldwide, according to reports.
As they believe that Bitcoin will be revived, bitcoin bulls have placed all their hopes on this year. The imminent entry of Bakkt, Nasdaq and their respective BTC futures contracts will not only boost the token’s value but also attract institutional investors to the ecosystem.
A similar survey by YouGov was conducted in November and found that 20% of people in Britain believe BTC will become as popular as cash or card payments in future. A second survey aimed at millennials found that interest in cryptocurrencies has been growing rapidly. A survey also revealed that 38% freelancers regularly use cryptocurrency. These results show that more institutions and investors will be looking to the crypto market as soon as the market recovers.