Crypto News: Younger Americans See Bitcoin As Investment Opportunity, Survey Says

Lend Edu commented on some of their findings: “not surprisingly, younger Americans were more likely to have heard of bitcoin as compared to their older counterparts. 86.67 percent of respondents between the ages of 18 and 24 have heard of bitcoin, while only 75.93 percent of respondents ages 55 and older have heard of bitcoin. It was a consistent trend that as respondents got older, their likelihood of hearing about bitcoin went down.”

The survey suggested bitcoin’s popularity is growing especially with millennials. This growth could be occurring as a result of younger crowds being more technologically savvy. Needless to say, room for bitcoin adoption is being “carved out” in the United States. According to the study, there is certainly a large place for bitcoin adoption in the future.

The study also asked respondents if they believed bitcoin was illegal. 10.69 percent of people asked believed it was not legal to possess. 41.16 percent said that bitcoin is legal, and 47.71 percent said they did not know. The article suggested these answers resulted in the stigma that surrounds bitcoin. Many people still believe it is primarily used by drug lords and other criminal factions. The article continued:

"It appears that there is a 'dark-web' stigma attached to bitcoin. Most people know what bitcoin is, but they also associate bitcoin as a mechanism for conducting suspicious behavior on the web. Of course, the name 'cryptocurrency' certainly does not help bitcoin’s image, as that description makes it sound like you are evading the government."

Full story at http://bit.ly/2ylNtfI

Source: Bitcoin News

 

 

 

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