2/3rd of Europeans believe Bitcoin is here to stay, but can’t become a major currency

Bitcoin exchange BitFlyer conducted research in which it asked 10,000 people regarding Bitcoin. Residents were from UK, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, and Spain. The result of the research show that 2/3rd of the people believes Bitcoin is here to stay for at least 10 years.

Majority of the people who were surveyed who think Bitcoin is here to stay are from Norway. Around 73% of the people from Norway voted for Bitcoin. It was then followed by France, with 55% of the people voting for Bitcoin’s relevancy.

Poland and Italy had a majority in the belief that Bitcoin will become a major form of currency, with 10% of the people believing that. The UK comes in at second with 6% believing that Bitcoin will become a major form of currency.

Around 69% of the people believe Bitcoin will be an investment or a security rather than a form of currency.

According to Andy Bryant, the chief operating officer of Bitflyer Europe, the industry is still very early and the majority of the people do not understand the benefits of Bitcoin.

“It’s very easy to forget just how new cryptocurrencies still are; we’ve only just celebrated bitcoin’s 10th birthday, so for the majority of consumers to believe in crypto’s future is without a doubt an achievement.”

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