Bitcoin is More Popular Than Traditional Banks - page 7.

cryptoaddictchie

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Quote from: Darker45 on June 18, 2020, 09:30:58 PM

I can only speak of my own observation around my own country. And I can tell with almost 100% certainty that even the word Bitcoin has not even reached the ears of 51% of the millennials here.

Agree. Millennials are more inclined to online trend such as mobile legend, tiktok and etc.

OP are you referring to this site. https://thetokenist.io/news? Can you share the link or source that they did qoute the popularity of BTC over banks.

_{In my opinion, we are in the era where tech is improving that includes bitcoin technology, yes it can outrun the banks in terms of popularity but that would attributed as investment/speculative commodity. Banks are traditionally used by all countries which are trusted due to its centralization and government accredited. Well decentralized is good but we cant say all our into it.} Maybe for now, we cant say what will be few years from now.

Maus0728

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Quote from: Darker45 on June 18, 2020, 09:30:58 PM

Interesting! Would you care to attach the link of the said survey result?

In addition from the link given by @jackg: Millennials Trust Bitcoin Cryptocurrency More Than Banks, Survey Found

It is obvious that these people who trust the use of bitcoin more than banks are millennials who does not have an access to banking system. Of course, who would not be surprised by the benefits and welfare given by bitcoin that traditional banks don't have. I wonder if these are really the countries that have undergone the survey.

AB de Royse777

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Without having a bank card or bank account life is not much easy in any corner of the world. I have most of my assets in bitcoin but still I need a bank to run my business and other essential financing.

In Bitcoin, we are still too young but I believe it's not much longer that we will have most of the financial transactions will be done using Bitcoin. I have a dream of paying my employees using Bitcoin but not in the near future.

mk4

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Though more and more people are trusting Bitcoin(from what you've stated), how did you come up with the conclusion from your title that "Bitcoin is More Popular Than Traditional Banks" though? I'm pretty sure traditional banks are more "popular" and are a lot more widely used than bitcoin.

Darker45

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Interesting! Would you care to attach the link of the said survey result?

I can only speak of my own observation around my own country. And I can tell with almost 100% certainty that even the word Bitcoin has not even reached the ears of 51% of the millennials here.

If it did, I guess most of them have no idea of what Bitcoin really is. If they have the slightest idea, they don't know that Bitcoin is primarily created to disrupt the financial or monetary status quo so that they won't be able to answer which between Bitcoin and the traditional banks is worth trusting.

jackg

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https://bit.ly/387FXHi lightning theory

I think I found an article relating to this: https://www.somagnews.com/trust-bitcoin-passes-trust-big-banks/

People have a lot of problems with banks to start with though, especially mellenials and gen z (house prices in the UK for example are a lot more than the average salary cam afford with a mortgage).

Bitcoin also has more development behind it as of recent and is a way to store wealth without interference from others as much as possible. Also trust in banks always reduces when a crash occurs and may not have bounced back since the 2008 financial crisis.

Agios

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According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.

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