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.
In 2018, the European Union granted permission for the exchange to operate. According to reports, 10,000 European respondents were surveyed by the exchange to get their opinions on cryptocurrencies like bitcoin (BTC). According to reports, the exchange polled 10 countries, including the United Kingdom of Great Britain, Belgium, France, Germany and Italy.
The Inference
A majority of Europeans believe that crypto will be around in 10 years. Notably, over 50% of respondents from each country predicted that digital assets would exist in one form or another.
Among all this, the most optimistic respondents to crypto were from Norway. 73% believed that crypto would continue to thrive. French respondents were the least optimistic, with only 55% saying that crypto could prove to be a long-term tool.
Bitcoin, the most popular cryptocurrency, is not as confident as people think. Only 49% of the respondents from all countries believed that bitcoin would exist in 10 years. The study also revealed that only 40% of respondents in France believed that bitcoin could survive, which is similar to the wider aspect of crypto future. According to the study, 55% and 53% of Polish and Italian respondents voted for bitcoin.
It is interesting to note that only 7% of Europeans trust bitcoin as a security or investment tool. Andy Bryant, bitFlyer Europe’s COO, stated that the poll results show that cryptocurrency has gone beyond hype and is now well-known to the general public.
Bryant concluded by pointing out that industry disruptors need to promote crypto’s particular benefits and uses cases in order to understand the future use of the technology in society.
