A survey by digital payments firm Block Inc. found that respondents were more optimistic about the future of Bitcoin as they valued their level of knowledge of cryptocurrencies.BTC).
Brock surveyed more than 9,500 people from the Americas (2,375), EMEA (4,360) and APAC (2,860) regions in January and included 100 Bitcoin owners in each region in the 2022 Bitcoin Knowledge and Recognition Report. I tried to include it.
Report, release On May 31, we showed a correlation between optimism and purchase potential and compared the results with respondents’ self-identification level knowledge.
Forty-one percent of those who identify themselves as having expert knowledge from cryptographic fairness say they are “very likely” to buy. Bitcoin In the next 12 months, compared to 7.9% of those who were “limited to lack of knowledge”.
apart from High-income individuals Slightly more optimistic about the future of Bitcoin than low-income individuals and low-income Nigerian countriesIndia, Vietnam, and Argentina reported the highest optimism rates and the highest levels of cryptocurrency knowledge claims.
Education and promotion seem to be the key to adoption, as the biggest reason for not buying Bitcoin (51% of respondents quoted) was lack of knowledge. The second reason was the potential risk of theft (32%), and the third was the perception that BTC price volatility was too large (30%).
Low-income countries see utility
In the report, low-income individuals actually use Bitcoin, and over 40% say they are most likely to buy Bitcoin as an easy way to send money or buy goods. ..
By comparison, high-income people often think of Bitcoin as a way to make money (50%) or diversify their investment portfolio (30%), but about the same amount (39%) of commodities. Suggesting a purchase was also a reason for them to buy.
Respondents from countries reporting higher levels Income from remittance The lower the per capita gross domestic product (GDP), the more likely it is that Bitcoin is cited as a good way to send money or buy goods.
Brock also said that Bitcoin is “protection against inflation”, with countries where 45% of Argentina’s respondents said they are using Bitcoin in this way, and with countries with high inflation rates. Reported that there is a strong correlation with.
Related: Accessibility is the main barrier to crypto adoption — here’s the solution
As previously reported by Cointelegraph, the adoption of cryptography in Argentina Twice as much as other countries in the region Many are looking at Bitcoin and trying to hedge inflation near 60%.
Overall, and across the region, Bitcoin is the cryptocurrency most known to respondents, and 88% say they have heard of it. This is twice as much as 43% who say they’ve heard about Ethereum (ETH).
