Topic: 41% of people globally say they trust Bitcoin over local currencies (Read 620 times)

Exactly, right? 41% of people globally are already knowledgeable about bitcoin or atleast they know that bitcoin exist is a bit a misleading fact. Because in my opinion, I think 10% is bit higher across the globe already. We're among the few lucky people that has been able to get to know bitcoin at this point that's we know that this survey isn't true at all. But I think it's also our job to correct the misinformation they hold against bitcoin or introduce them to bitcoin.
But I believe most of the people that atleast already know about bitcoin or cryptocurrencies are already in-favor of bitcoin over their local currencies because of the inflation and the decreasing value of their local fiats.

You cannot consider that as " Not so many People knows bitcoin" because the statistics shows it all that 40% of the world trusted bitcoin , so what more those who does not trust bitcoin but already knew the existence of this currency?
clearly that you don't understand the thread .
Agreed , but i believe that more of those are younger generations because they are the one who is very aggressive now in learning and profiting in this area(cryptocurrencies)

Considering the fact that not so many people out of the world population know about Bitcoin, the vote result is really on a high side. 40% is huge considering the analysis of how many people know and transact with cryptocurrency.

respondents' age would be interesting

Not just that, given that they're lacking in knowledge how does this market works and they even didn't bother to have some of their own research. Sad to say but they're just trying to do or mimic someone whom they know that have been more comfortable in life because of bitcoin, and that's why they're also investing in bitcoin without knowing the pros and cons. And that is where they draw a line and spread false informations to others that might become an investor in this industry.
But as I've seen the digits about people who are in more favor in bitcoin than their own local currencies is astounding, I know we have a long way to go but this is great.

so in 11k only 2,860 people prefer to use bitcoin and 8,140 still using fiat, then its not that high numbers enough to show that bitcoin adoption will be fast, many people still not trusting digital currency because most countries are against on it and still prefer to use local currency, the challenges I can see why most people are not using bitcoin is fees, speed of transaction and gadgets needed like smartphones with internet just to send btc, our technology is still limited for mass adoption maybe in the future new ways to use and send btc will be developed in order to compete into local currency for its ease of use. 

Unfortunately, not all countries will easily permit transactions with bitcoin. it's easier and safer. but we can see how the development of bitcoin which is used as a transaction tool so far is still very little.
mostly, are investment assets that are held on the exchange or in personal wallets.
only in certain countries that the use of bitcoin as a transaction tool is allowed that we will be able to measure the level of satisfaction.
and when one or two countries succeed in implementing this, I think most other countries will consider switching to more secure and transparent transactions.

In my opinion, the majority of people in the world do not want fiat currency anymore, its value continues to decline as a cause and every year it experiences inflation. In some countries people have no other choice but to use local money, but in other countries they have alternative money namely Bitcoin and cryptocurrencies. Of course Bitcoin is becoming very popular today and the transaction value is increasing every year, people in the world prefer Bitcoin as an investment or transaction between countries because it is easier and can be converted into any currency. So we as a world community want a currency that really provides benefits, not one that harms its users.

But it's subject to volatility but that's a good thing actually.

Because their paper money is just plain paper and most likely a thrash to them. Like in Venezuela, it's better to spend USD there and not their fiat currency. The stats may look good but that doesn't generalize the population of the world, there are still many people that are not aware of bitcoin. But still, a good stats and it seems people are starting to learn more about bitcoin and accepting it unlike a few years ago where it's been hated.

Which is yet another reason why surveys like this are useless, even if we assume that is what people told to them and that the methodology is correct it is obvious that 41% of the population does not trust bitcoin more than fiat, otherwise the world adoption would be huge at this point and we would be able to use bitcoin everywhere.

We need to watch what people are actually doing and the current rate of adoption is probably between the ranges of 1% to 2% which shows that this survey is completely useless to try to determine how many people trust bitcoin more than fiat.

First of all, bitcoin is not subjected to inflation as it can't overpass the limit of 21.000.000 while many currencies, especially in countries with weak economies, face hyperinflation so people don't manage to spend money as fast as they devalue, so poor countries think about adoption Bitcoin as a national currency. Also Bitcoin is uncontrolled, so people have more freedom as their transactions can't be banned.

I'm finding it difficult believing that 41% of the people globally have enough information on Bitcoin to trust it over their local currency, Bitcoin is still in it's early stage and many people actually have negative view of it in my country because they are not able to adequately secure their wallet/account and have fallen victim to scammers.
It is however popular among young people who are educated and trying to use it to make a living. Government agencies are also promoting falsehood on it to make people avoid using it.

I think that the result of those polls also significantly depends on the demographic details of the type of people who get asked. If you ask the younger people who are playing around with finance apps trading digital currencies already, the result will be significantly different compared to the answers you get from people of the elder generations. I would say by now the majority of people between 18 - 35 years of age are in favor of cryptocurrencies.

We know that adoption is growing every day, however, the 41% percentage is quite high in my opinion. I believe the participants of this survey is not really representative of the global population. But anyway, if this is true, this is quite high. And as we can see, crypto market is indeed gaining global interest. With personalities like Elon Musk and other popular figures mentioning crypto in their social media, people are getting interested to look at it and invest.

many people do not know enough about bitcoin but hearing this i realized that now bitcoin is growing rapidly. maybe in some countries bitcoin has not become a famous thing and some countries also prohibit it but it does not hinder the development of bitcoin and is now much more advanced. with many people who are interested in bitcoin I hope it will also affect the price where the price can soar up in the market.

I agree that the numbers will vary greatly, depending on the region of residence and economic realities in the country. For example, in my country, according to last survey, 50% do not trust cryptocurrencies, and for this reason do not own them. Another 28% do not own, because they think they lack technical equipment, although no super-equipment is required for this. 20% do not understand the turnover system. We can conclude that people generally do not own cryptocurrencies, because they do not understand them, but find other reasons to hide their ignorance. I'm not saying that they understand the local financial system well, but at least there they know that national currencies are provided by the state, so the degree of trust is higher, since there is still not enough information about cryptocurrencies for them.

The problem is not 11,000 people, but the fact that all those people are users of a single app, so it's not representative of the general population. Anyone who wants to claim something about the whole population can only do so if they make a randomized survey, otherwise it's just bad statistics or maybe even attempt at manipulation.

Its a local survey so you could really expect that results would really be like this which is actually not surprising because there are various parts of the world even though adoption isnt really still high
but the awareness of its citizens is really high too which means whenever theres some conducted surveys then you would really expect for these kind of results but still it would really
vary on the government of a certain country whether they would really be adopting it despite of the decentralization that they've been trying to get rid of.
but still its good to look at these numbers though which signifies that it is really something good.

41% is a huge number if you take the whole population.

I find the title of the thread a bit misleading, hehe. It could be "41% of 11 000 people globally say they trust Bitcoin over local currencies"...
It's like a clickbait and I did click it thinking we have this huge number already because I still believe that 5% is even a huge number entirely.

This percentage is really higher, I have doubt about it. I think it is not global statistics, maybe it is local statistics of a specific city or country. In under developing countries, people even don't know about digital currency like PayPal, WebMoney. Bitcoin is far away from their knowledge. As you may know, even after EL Salvador officially adopted Bitcoin, its people ignorantly opposed it. Because these people are very ignorant about Bitcoin.

41% of the total correspondents are those who hate stupidity and support change.  the popularity of fiat is decreasing day by day and the popularity of bitcoin is increasing, this shows that very many are dissatisfied with the current financial system and desperately need a revolution.

Unfortunately, lots of people nowadays do not research about the nature and history of BTC before they invest. Like they blindly invest into something due to the hype on how it is portrayed on the media. Then when the price of it decreases (due to volatility), they will be the ones who will spread the news on how investing into BTC is a 'scam' as they will now proceed to spread false information as to such.

41% is indeed high for people to favor cryptocurrencies against their local currency. Given the fact that the value of the former is inflationary due to its limited supply, it has its fair share of negative consequences if it were to be considered as the 'main currency' of every country.

Everyone has choice of belonging, were you not aware their is a period bitcoin wasn't be trust by people. Know a technical analysis has been proven that statistics of people using bitcoin showing that about forty one percent (%41) have interest or prefer bitcoin than Fiat currency. Someone made this prediction recently that in time coming bitcoin will take over the world. And every payment will be like to be made with bitcoin, but many people was like kicking against the suggestion, i have forgotten the place i read the post and would have attached it here. Just mark my word, bitcoin will be in equal wavelength with fiat currency.

The sample is small compared to the universal population. It is a must to specify the places from which and all participants responded and the numbers. As said participants from specific countries will be highly positive on Bitcoin whereas some will be for fiat. So we need to give time to get the best result.

In my view the decline of USD purchase power can be the reason for increased trust on Bitcoin.


Internet . Surfing the internet I found it.

Not going into the research itself, it's really important to note where are the people who participate are coming from. For instance, I'd be shocked if the majority of Americans, Canadians, Scandinavians, Germans, Brits etc... thought that they trust local currencies less than BTC. Furthermore, even though the research is still ongoing, it's still a small number of participants (seeing the study is globally conducted) s the actual numbers aren't ready to be interpreted in any shape or form.  So let's give it time.

I agree with that since in reality if we look at our local neighborhood we can see few or shall we say almost zero are using bitcoin so its hard to conclude that number is true, but since the adoption is truly increasing I think that's enough for this year since for sure maybe next year we can see another more great adoption since for sure those country which plan to adopt bitcoin will execute it. Maybe for bitcoin users its undeniable that people who have it prefers that over fiat since first we can assume that your reason is one factor also another factor could be its profitability.

Surveys do that. They take a small number of people who supposedly might represent the rest of the population, and from there they extrapolate general conclusions.

That only serves to get an idea in certain cases but we can not say that it has a high degree of reliability, and if we look at this particular case, the company that makes the survey is heavily involved in the Bitcoin, therefore it is an interested party and it is not uncommon that in their surveys appears an inflated percentage:

Premise Pays Over $1 Million in Bitcoin to Contributors Around the World.

i believe that 41% is really not true. global percentage? the sample size may not be sufficient to conclude this percentage, and the representatives for each country is not very well-represented. as we can see the adoption is increasing but when it comes to global percentage, it is still small.
anyway, if we based on this stats, i can understand if some people are truly trusting bitcoin especially for those people who are disappointed with their government.

I agree and i believe there is something wrong in the article, bitcoin adoption still in very low levels especially in the 3rd world countries, people can even jailed for using bitcoin in some countries like egypt so its too early for this number

Don't you think that this set of numbers is too small to consider being an opinion as conducted on a 'global scale'? A web portal needs to be set up to let a huge set of people take a survey about btc, that's how we can know about how much % of people even know about btc! We know that btc can be more reliable than local currencies but to know how many people think the same way, a global survey needs to be conducted and it will also need a very huge budget to do that, and we can't say whether all of them will provide honest answers in the survey or not.

I think the result can be not correct because the overal adoption rate of Bitcoin is not too higher than 41%. So to say there are 41% of them have trust in Bitcoin is overestimation. It can be because of sample size and how they collect the survey. I understand from trust to really use Bitcoin is different and it is a point to support the 41% figure can be a correct number.

Anyway, it gives us a number and shows that people are increasing in their trust then adoption for Bitcoin. It will become another support for Bitcoin bull runs in the future. More demand, same supply, bull runs will be bigger.

I think the rating is based on people that know about bitcoin already so I don't think the figure is high, I think they are rating base on people that have knowledge about bitcoin and fiat currency. There are lot's of people that know about bitcoin but they still prefer fiat currency to bitcon depending on choice and perception but to me I prefer bitcoin to fiat currency in all aspects.

I really agree with your point lot's of people don't really know anything about bitcoin, some people have not even heard about bitcoin before and some have heard but they don't understand it which is basically common in developing countries, but I believe with time almost everybody will get to know about bitcoin but it will definitely take time but gradually even people from developing countries will get to know more about bitcoin.

I believe that the mass public doesn't acknowledge Bitcoin and cryptocurrencies in general. I don't believe that most people actually know what it is and how it works, thus, you cannot make such bold claims that the most traditional mean of currency is actually losing popularity by that degree. I'm pretty positive that this survey isn't accurate at all.

I don't know how they do the survey but actually I cannot feel that percentage prefer fiat over bitcoin since if I base it on my place I can really tell that fiat is still much preferred by majority and they trust this one over bitcoin since many don't know yet bitcoin and if some them knows they didn't know to you it or somehow they call it scam. But maybe it was preferred on other part of the world so I do hope the awareness of it will spread so that we can see a huge global adoption and it can really give a huge change to bitcoin.

Wow, I ma little bit surprise with the percentage, it seems very high enough.
I wonder whether if people around the world can join the survey, not only about the communities' that are related to cryptocurrencies.
Btw, I am asking, in what cases they believe more to Bitcoin than local currencies?
As a currency?
As a digital commodity asset?
As investment?
As trading?
or As gambling?
Because maybe, they will have different concepts for each of these.

Statistics says it all, although it may not seem like half of the respondents really know anything about Bitcoin but the fact that 41% chose Bitcoin over local currencies is quite an outstanding number, I honestly was expecting lower than 41% but this is actually more than what I was thinking about. By the time comes, conducting another interview/survey in the next 5 years and we'll see a big difference in numbers from what it is by now and what it is in the future, I am assuming that more people will definitely rely on Bitcoin rather than fiat.

Even numbers are just few considering on how big the population is but still its a good thing that we do ended up with those numbers.We are seeing that recognition is indeed really
moving on which basically means that awareness and exposure which did really increased compared on last years wayback. This proves out that it would be possibly
that those numbers will be showing off on larger scale which is really good to know that lots had really been trusting Bitcoin over local currencies.

Well, that’s good, but I don’t really use all these data as a way to decide what people would do. The data was gotten from 11,000 and you can’t use just 11,000 of internet users to decide what billions of others would do..

Anyways, it’s good, because the data at least shows us that there are people, many of them out there, that are ready to always choose bitcoin over the fiat currency and that’s really good.As time goes on many more people would always choose bitcoin. But from the data it could be seen that some not much of the people were ready to sell or exchange their BTC immediately for cash, and they would rather hold it.

Being realistic, if that survey corresponded to the truth, bitcoin adoption would be in a much more expressive level than it actually is at this moment. It's not easy to make an accurate survey. Interviewers need to collect people's feedback from different social classes, from different areas (even inside a same country) and from different ages. Also, people need to be approached by interviewers to answer the survey, it can't be exclusively spontaneous , because if it is, the survey will be biased, as it will collect opinions only from people who have a primary interest for that matter.

There must be a massive bias on that survey, after all someone that motivated to know know about the survey and vote is probably someone that is informed about the state of the economy and can see through the lies of the governments and trusts bitcoin, gold or silver more than fiat currencies.

If this study was made at random I am sure the majority of the people will still trust in fiat currencies, after all if the trust in bitcoin was so high and the trust in fiat so low I think the system would have collapsed already.

this is a pretty fantastic number for me because indeed if we look at the flow that is happening they actually may not even know much about this but after being given an approach they are convinced that bitcoin is better than the system they use in their daily lives.
this is certainly a good thing and should be a reference because most of them who until now do not know their true bitcoin and are confused about where to start and the role in providing information must be moved even more because until now even in my country bitcoin is still become something taboo

This survey only for 11000 participants from 76 countries so we can't say it's really accurate, but I think that percentage would be even hire than 41% if we include countries that had most inflation like Turkey and some countries from Africa.
I think that people in western world are still mostly delusional in thinking that dollar, pound or euro are strong and stable, ignoring the fact that infinite money printing is happening all the time behind the scenes.
Sad thing that even in El Salvador majority of people still trust dollar much more than they trust bitcoin.

The number of people using bitcoin & cryptocurrency is increasing day by day. Its legal credibility is also improving quickly. This means that the number of trustees of bitcoins and cryptocurrency is also increasing. Different countries of the world are accepting its legality and some are designing a frame of legal rules and regulations to legalize it. So there is no doubt that  "41% of people globally say they trust Bitcoin over local currencies".

If you were to ask 100 people, chances are that 40 out of them might have heard about Bitcoin, but know nothing about it. These numbers look too high to be accurate, and the sample size might be targeted to nations that are accustomed to Bitcoin. I highly doubt that such a high percentage of people trust something completely digital, having no tangible aspect, over fiat currency.

I think the aspect that majority voted is the idea of making a huge profit from BTCitcoin in a short period of time unlike any other investment market. Does majority who are in the market really care about the technology behind it and if the same conduct the same survey during the bear market, do they have the same opinion. Just my thoughts on these surveys  .

I am with 41% in the survey, and I believe Bitcoin will bring me profit every year, although there is no guarantee of that, but based on my experience over the years, Bitcoin has never let me down.
I think in the near future, more people will believe in Bitcoin and the blockchain system were more transparent and independent. I am waiting for it and can't wait to see the collapse of local banks as a result of their narrowness.

in the future it will be very different, but we also will not how the difference with now. Bitcoin will indeed be an asset of the future, but the role of FIAT will also be irreplaceable, Fiat will remain fiat and bitcoin will still be bitcoin. Each have advantages and disadvantages.
people who believe in bitcoin will of course also hold on to FIAT as the main currency.

Not now but this can be visualized someday in the future, maybe a decade from now.
The same with your country, perhaps they heard about crypto but they'll never trust Bitcoin just like I did. And it is still difficult to have them understand this thing and even to encourage them sometimes they get angry and call me a scammer.

People had loved fiat money, it was the thing they know since birth, and not surprising that they will stick forever and keep using this.

Very highly likely the survey was done where the participants already use crypto currencies. Hence you will be getting a biased result. And the total number of participants is very low. So the result is most likely no where near accurate. Like 26% says that they will use bitcoin over fiat currency, but the survey shows that only 13% uses bitcoin as a medium of exchange.
What's there to be sad about? They trust bitcoin more than their local currency because any wrong monetary policy made by the government will end up making their currency worthless. Do you think your local currency is backed by something?

I really doubt the number is correct in response to visualizing the global picture. If I talk about the overall picture in my country, I doubt even 20% of the people know about bitcoin and out of them 50% would be interested to use bitcoin instead of the fiat currency.

The number of Bitcoin holders is unknown anyway. You can only conduct a blockchain coinbase transaction analysis, but who is going to do that? usually nobody so we won't ever find out the exact final details, we can only get close to them through analysis.

yeah, and we know if the number must be bigger than that one.
the other side, lot of people lack of this knowledge and they dont trust about bitcoin. local currency is more useful for people who dont know and older.
not easy to spread that bitcoin is good stuff to use, and who want to tell more specific about this, the obstacle is barrier between the age

11000 is good number of participants. For a survey taken through a mobile application means, this is been done with people who are technically skilled and are adoptive to technology development. Here we'll get more positive response than taking it through a real-time polling. However 41% trusting bitcoin more than their traditional fiat is shows the better understanding about bitcoin among common people.

The government somewhat controls fiat currencies, they can print it and take decisions concerning it arbitrarily, and most times their actions in the end can cause Inflation and a spike in the cost of living, leaving the citizens to bear the brunt as they are the ones in the receiving end of government policies regarding fiat currency.

Now that's the reason why the number of people who trust Bitcoin continues to grow rapidly, they trust the network cause it's decentralized, and no one controls it, not even the government, the people are their own bank and they don't have to trust anyone other than themselves. I don't actually know if the numbers are accurate, but the thing is that definitely as times passes, the number of people who trust Bitcoin will definitely continue to increase as people will definitely come to the realization that it's actually a great idea to have their finances in their hands.

It will depend on what country it is. There are country currently loses the value of their money so they have no choice but to rely in crypto in terms of transaction. It will also depend if that country accepts or rejects bitcoin. Though in my country only few acknowledge BTC as payment but many already see its value as an investment but Government didn’t still in favor on it due to scammers who use it to scam others. Overall as long as my country did not ban it I will continue to support our local currency at the same time have some BTC as investment.

Although these numbers are still not good after more than ten years since the invention of Bitcoin, they are better than the percentage in my country anyway!! I think that here in my country it will be 10% at most because most people still do not know anything about Bitcoin, they have never heard of a coin called Bitcoin, so how will they know about decentralization, privacy or blockchain?! But despite all this, I am optimistic that things are improving greatly with the progress of time. A short time ago, this percentage was very small, but it has now improved a lot, and this indicates the rapid spread of Bitcoin.

Regardless of the number of respondents, which, unlike some other surveys, is quite representative, you should know that this is a category of people who are still somewhat computer literate and have some knowledge, specifically these are smartphone users who are paid for various tasks through company app. Therefore, we should take into account that this percentage is not something we can apply to the global population in the sense that 41% of people in the world think so, because at least that percentage of people do not even have access to the Internet, so they probably do not know about Bitcoin.

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That’s a percentage that was speculated about 4-5 years ago, so I believe that number is at least about 5% today. Things changed dramatically after 2017 when people realized that it pays to invest in Bitcoin in the long run, and we can’t escape the fact that we have more and more people investing in Bitcoin every day.

Nice numbers to read but I always feel like their sampling is too biased (of course, without myself finding out if this bias turns out to be right).

Why I say this is because I'm in enough circles to know the crypto circles are of course leaning heavily towards the Bitcoin trust, though the vast majority of them still trust exchanges and altcoins.

While the non-crypto circles only see crypto as a gamble or experiment with money, and if they invest, it's only with the same attitude they would as Apple or Tesla stocks. They don't understand crypto and see it as just another risk (rightly so since they're heavily invested into alts that are centralised).

Maybe people understand trust differently.


Precisely. Nice to read these things and pat ourselves on the back for it but we'd have to be ignoring the numbers to believe in the headlines.

I agree. Obviously, the poll isn't representative of the population of any country, and this, unfortunately, renders its results fairly useless. If it's a survey done by a company on their own website, lots of people who aren't into tech and cryptos will simply never see it and never participate. Meanwhile, Bitcoin is used by less than 2% of the world's population, which is definitely not consistent with 41% of respondents trusting Bitcoin over fiat. I think the only thing it tells us is how the audience/user base of this particular company feels about cryptos, but it's surely a bubble that is very far from reality.

Primarily due to the fact that the government have failed time and again to help keep the economic situation favourable for the people, plus they have also failed to utilize the taxes for the welfare of general public.

Apparently the strong currencies like: USD, they have failed as a whole to keep their value intact or growing.

At the same time certain Factors like:
Political uproar
Possibility of worsening of the pandemic
Job opportunities weakening
Frontline workers not being respected
No healthy + growth in terms of salaries etc

Now the citizens are incapable of trusting their governments. Which is not really wrong, they gotta have another support system, that's where Bitcoins come in play. A lot of benefits being offered over the traditional system, sooner or later the governmental bodies might collapse.

To be honest, this fact generally saddens me. It turns out that people believe in their local currencies less than in bitcoin. Although they understand that local currencies are backed by at least something.

This is what I believe either because the last time I check those that always hold their BTC for long are mostly from the Crab to Humpback Whale while the Shrimp always sell at some point due to financial or important issues. But, I check the site that provides the information they seem to use an Ai-driven decision engine to get their result. However, it still does not confirm their report was based on their Ai or self-absorption.

I wonder where they did this research. It was for sure online on some technical website and not randomly over the phone like those surveys are usually done. I am certain, they wouldnt get such a high percentage that way because 40 % dont even know what crypto is, yet alone they would trust it over fiat.

This type of surveys usually means nothing and may be far from the reality. It depends on many factors and sample size of the survey. Also it depends on what segment of the society you are targeting. If a similar survey runs here in bitcointalk, more than 90% of respondents will say bitcoin is better than local currencies and they don't need banks for their finances.

So yes, it's good to see positive responses as always. But don't make the mistake in thinking that it represents the entire world. It's an opinion from the targeted audience where blockchain awareness is increasing.

It seems a lot more people know about Bitcoin given what the pandemic has done to the global economy. They can face the economic reality of their bank accounts being siphoned with out of control inflation rates because governments needed to shut down their economy and prop up their currencies in response. If someone knows about doge, they have to know about Bitcoin, so perhaps that's the silver lining of the "meme coin" phenomenon is it got people involved in crypto.

Yep premise is similar with micro task and obviously third world countries behind this survey. Even there's no data to back up this statement, but it's not logical if people who already got paid $10-$15 still looking for micro task.

The reason why they trust Bitcoin over their own currency is high inflation rate and corruption, while Bitcoin isn't.

However it's funny to see the respondents were using the app to get paid but they didn't cash out the Bitcoin since they didn't trust it, clear enough they didn't even know what Bitcoin is.

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It's true, but you don't have to made a survey for all peoples in this world... at least 100-200 participants in each country are enough.

The numbers look to good to be true and they are illogical.

First indicator is bitcoin price; if 41% of people were really trusting bitcoin more than their local currency they would have bought bitcoin which means price should have been at least one or two million dollar instead of still struggling around $60k.

Second is the price volatility itself; people who want to use a currency for payment need moderately stable price. Bitcoin is still volatile. If the question was about bitcoin's long term potential, oversees payment, censorship resistance, ... then it made sense but when the comparison is between fiat and bitcoin for payment it doesn't make sense YET.

Percentage might look interesting but the number of respondents or to those who do take the survey isnt really that near off with the entire population which we could not really take this seriously
but basing off with those words or sentiments do came from those respondents about using up Bitcoin instead of their local fiat which is really a good thing to hear on because people
are eventually making out realizations when it  comes into its real use case which i could say that they do have some option to take and also they shouldnt
think that fiat would be replaced soon because this is something which is impossible to happen.

I don't actually believe in surveys as it could be biased sometimes, and always we need to know the reputation of those who made a survey.

The world's total population in the world is 7.9 billion, so 11 000 participants are not even 1% of the entire population.
https://www.worldometers.info/world-population/

However, it's still good to know that many people are interested and I believe the adoption will continue to grow as awareness are already spread globally.

I could not agree with this opinion. More than 70% of Americans use Bitcoin directly and the rest are directly or indirectly involved in Bitcoin shares. Most American Celebs has commented positively on Bitcoin and Bitcoin is the most talked about in American Congress. If you pay a little attention, you may find that the US-based exchanges are the most used exchanges. The US-based exchanges like Bittrex, Coinbase, and Bitfinex are ahead of each other in terms of volume. I think there are very few Americans who do not yet know about Bitcoin, and it is very popular among the younger generation now.

It would be nice to know the demographics of the respondents of the survey. Respondents from third-world countries are more likely to answer favoring cryptocurrencies as they see it as a money-making opportunity, and not a currency which they can use securely and freely. Most likely, the respondents came from outside wealthy countries, because most people from such countries still has trust on their local currency, and would likely go out of their own way to use it even if cryptocurrencies are readily available for them to use.

I would agree the sample is questionable.  I'm not sure I believe that 41% of people know what Bitcoin is.  Certainly 41% of the people I know aren't familiar enough with it to consider using it at all, let alone replacing their local currency with it.  If the poll said that 41% of people had heard of Bitcoin, I would maybe agree that's possible (although I think still unlikely).  When I'm out and about, I hear more people talking about doge and shiba than Bitcoin.  It feels to me like Bitcoin is becoming this mysterious thing that only Wall Street funds actually own. 

the number of people in this survey is still very small and I think people comment but without analyzing the consequences, bitcoin is a very good cryptocurrency, but bitcoin cannot replace the local currency, people's wages must be paid in Fiat and in banks so that people can be deducted from insurance, taxes and various other things, so it is clear that people have no choice in relying on the local currency whereas with bitcoin and this volatility people have lost out if they received wages in bitcoin

There are a number of issues with this figure that makes me believe it is not reliable.

They are only polling people with a smartphone, and they are only polling people with their smartphone app (these are two separate issues). Neither of these are going to be representative of the general population.

They say the survey is ongoing, but they released some of the results ahead of time. This has the potential to affect future responses.

Typically, when conducting a survey, the person conducting the survey will calculate how many responses they need in order to get an accurate representation of the general population and will stop once they receive that many responses. 11k+ responses seems like a lot to me.

I think conducting the survey via their app (likely paying them to do so) will likely oversample responses from poorer countries. The dollar for example is widely accepted throughout the world, even in places where it is not the official currency. This is because the dollar is trusted more than the local currency. In some places, if you are traveling from the US, you almost don't even need to exchange your dollars for the local currency -- you can pay for everything in dollars, and sometimes end up getting a better price for doing so (although in these types of places, many vendors are willing to negotiate on price for everyone).

My thoughts exactly. According to the article, thousands of smartphone users participated in the survey and the data was gathered through the Premise app. Their CEO said: "Premise is committed to providing financial opportunities to the unbanked and to those generally excluded from traditional financial services." This fact alone shows that the results of the survey are not objective, since these are individuals who are in some way excluded from traditional financial services, or "unbanked".

Maybe, that's the difference though. We are comparing this data with America, UK, and other developed countries. However, if this data was collected in less developed countries then I can see the data being skewed because of that. After all, local currencies in developing countries are generally less stable, and there are more people that are poverty stricken, which therefore might mean they were already looking for alternatives, and happened to stumble upon Bitcoin. 

I would have to agree though, comparing this data to my observations locally, it's massively over inflated.

Regardless of the source of the numbers mentioned here in the picture, I'm not sure about these numbers because these numbers seem way higher than reality to me, still, there are many people who don't even know about bitcoin even in America if the situation is like that in a country like America then there is even worst situation in the other countries and other are still many people they don't know bitcoin or they partly know about bitcoin as a currency, then how can we ask them if they really trust something they don't even understand completely.  

Although, I understand this is probably a localised issue, but where I live most people seem to be quite hostile towards Bitcoin or just simply don't know enough about it. I would be interested in looking into exactly where this was conducted, what sort of background the respondents were from, since I find it hard to believe that almost half the population think Bitcoin is more trustworthy than local currencies.

I do believe we are getting better in terms of perceived legitimacy, but I didn't think we were here quite yet. Also, I would have thought security, and trustworthy would have had similar results, as really you can't have one without the other, so that piece of data is a little confusing to me.

I would say 40 to 50 percent of the population has heard about Bitcoin, and know roughly what it is, I wouldn't expect even half of that number to consider it more trustworthy, otherwise wouldn't they be using it? At the very least as a reserve currency.

Yes, As far I know near around 100 million people around the world are known about cryptocurrency properly. Regular Crypto users are far less than that number.
Till now more than 25% of American citizens don't know what is cryptocurrency and how to use it!!
So, Such a huge(41%) respondent is really great, that means most of the people didn't use cryptocurrency but they hear about it and know the functionalities of blockchain technology that's why they support Bitcoin over their local currencies.
I believe that by 2025 there will be a revolution in the use of currency in the world and Bitcoin will be more developed and adopted by govt phase.

Those numbers actually seem pretty high to me. Many people don't even know enough about Bitcoin and cryptocurrencies in general, much less about their security or reliability. We still have a long way to go before people are comfortable with the concept of decentralized currencies, something they have never experienced before.

Premise (a crowdsourced insights company) reported in a press release that 41% of respondents consider Bitcoin to be more reliable than their own local currencies.  

Principally due to the decentralized aspect of the blockchain tech. Wow! Are people realizing what decentralization is about and the garbage behind central banks and co? If that's the case, I'm quite surprised seeing all the low information voters.

The survey has interviewed 11 000 participants and is not closed yet. It started 2-3 months ago

26% of respondents said they would rather use Bitcoin than their local currency.


https://www.prnewswire.com/news-releases/41-of-people-globally-say-they-trust-bitcoin-over-local-currencies-according-to-premise-survey-301428250.html