Bitcoin: awareness influences trustworthiness – survey

Wednesday 14 May 2014 14:39 CET | News

Bitcoin has come to be regarded with a higher degree of optimism as soon as the public have got to know about how crypto-currencies work, according to a survey issued by the SecondMarket-owned public investment fund Bitcoin Investment Trust (BIT), reports.

Over 1000 individuals took part in the survey, including those from the Wall Street, Silicon Valley and Bitcoin communities.

BIT informs that 66% of respondents take into consideration purchasing Bitcoins in 2014, and that 74% believe that the digital currency will become a viable alternative currency, the same source reports.

53% of the respondents have already purchased Bitcoins, and 87% of those who haven’t purchased yet have indicated they are likely to purchase Bitcoins or have been unsure if they will do so in 2014.

45% state that they first heard about Bitcoin in 2013. Notably, 30% report that they learned of the technology between 2009 and 2011. By comparison, just 22% of respondents report about becoming aware of Bitcoin in 2012.

Moreover, 35% say they have learned first of the technology via a blog or social media. An additional 19% of respondents have learned first of Bitcoin through a family or friend, while 18% have read about Bitcoin for the first time in a magazine, newspaper or other publication.

BIT reveals that 50% of those who have learned first about Bitcoin have found it ‘intellectually interesting’, while 30% believe it has been confusing or that it would never be widely adopted.

Launched in September of 2013, SecondMarket’s Bitcoin Investment Trust allows high net-worth investors the ability to gain exposure to bitcoin’s price movements.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Bitcoin, awareness, credit, online payments, digital currency, crypto-currency, survey
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events