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.
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