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Nearly 80% of Americans are aware of Bitcoin

Pooja
Pooja

With the growing popularity of cryptocurrency, it comes as no surprise that the average American population has at least heard of the word ‘Bitcoin‘. As per statistics published by a voting firm YouGov most 50% of Millenials are interested in using cryptocurrencies as the primary form of payment.

The survey also highlighted that nearly 79% of Americans are aware of at least one kind of cryptocurrency. Amongst, which Bitcoin stands at 71% popularity and second most familiar cryptocurrency Ethereum/Ether is known to just 13% of people.

With that said, the cryptocurrency is quite popular among the younger generation. As per complete results, the age group with 18-34 are ‘very interested’ in cryptocurrencies which contribute almost up to 19% of people. Also, the next 29% held the views of ‘somewhat interested’ and the next 50% of Millenials seem to not at all interested in using as a payment method.

The survey was conducted on1,202 Americans about crypto familiarity and interest on cryptocurrencies on August 29 and 30.

Interestingly, more than one-third (36%) of people think cryptocurrencies to become widely accepted means of payment especially for legal transactions within the next 10 years. With 44% of Millennials are the most likely of any age group to say cryptocurrency will be widely accepted. About one-third (34%) of Gen X’ers and 29% of baby boomers agreed.

Also, with a lot of negative news floating in the market, there are few who perceive the negative notion of cryptocurrency. In total 25% think that cryptocurrencies are used more for illegal purchases rather than legal ones. Whereas 17% think they are sued for the legal activities.

Bitcoinnewsusa

Pooja

Lead writer at Wolfcone.com and avid reader. My interests lie in everything and anything related to technology. I firmly believe cryptocurrency has the power to revolutionize world economy and blockc