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6.2% seems way too high a percentage of Americans who own Bitcoin (to me).
Owning BTC requires a certain reasonable minimum of computer competence as well as the gumption to dive into a fairly complex (and somewhat risky) financial arena. And it is not easy enough for the masses to get and use. Nor are there enough merchants who accept payment in BTC (though you can buy gold from at least four precious metals suppliers).
I only know TWO people personally who have BTC. Maybe because I am older than most here that my view is skewed, but 1/16 (~6%) of the population of the USA owning BTC seems too high a number.
Topic: Why only 6.2 percent of American citizens own Bitcoin? - page 2. (Read 1526 times)
People should understand that Bitcoin is not for everybody. A lot of people living in US find it difficult to accept the nature of Bitcoin as a financial means of making transactions or storing fiat digitally. People see the tendency of them losing their money in the form of bitcoin easily compared to the existing online payment platforms. Personally, I think the above reasons are why 6.2% of US citizens own Bitcoin.
United State government not allowed using bitcoin as legal currency payment and have little population in United State use bitcoin as legal currency payment and investment assets, I think when bitcoin have been legal currency payment maybe population of United State citizen using bitcoin will increase from 6,2% become more than 10% of citizen in United State.
It was 2017 when bitcoin came into spot light, before that it was dry period in terms of bitcoin adoption. This 6.2% adoption is span over a period of 3 years and I am sure this adoption will increase with passage of time. There are countries where Bitcoin adoption is more than USA like in Japan, South Korea, Switzerland, and Slovenia.
Asian countries are ahead of other developed countries nowadays when it comes to something groundbreaking like cryptocurrency and instead of being ignorant and afraid they are trying to understand what it is and what benefits it can get. Not surprised that only small minority of US citizen actually get hold of bitcoin while the rest of them just know Apple pay.
It was 2017 when bitcoin came into spot light, before that it was dry period in terms of bitcoin adoption. This 6.2% adoption is span over a period of 3 years and I am sure this adoption will increase with passage of time. There are countries where Bitcoin adoption is more than USA like in Japan, South Korea, Switzerland, and Slovenia.
Asian countries are ahead of other developed countries nowadays when it comes to something groundbreaking like cryptocurrency and instead of being ignorant and afraid they are trying to understand what it is and what benefits it can get. Not surprised that only small minority of US citizen actually get hold of bitcoin while the rest of them just know Apple pay.
Uuhm, I would still say that’s a good number. You should compare this number to what we have for gold and silver, you will see that there is much adoption bitcoin, though it’s not more than that of gold and silver, but for an asset that was just created in the last ten years I would say that the adoption is really fast to have gotten to this extent. It’s not going to end here because I know that as time goes on the rate for adoption will keep on increasing and more people will adopt.
The most important thing is trying to figure out what’s causing people not to have interest in it, like volatility, I believe if that’s sorted out a lot of people will go for it.
The most important thing is trying to figure out what’s causing people not to have interest in it, like volatility, I believe if that’s sorted out a lot of people will go for it.
It was 2017 when bitcoin came into spot light, before that it was dry period in terms of bitcoin adoption. This 6.2% adoption is span over a period of 3 years and I am sure this adoption will increase with passage of time. There are countries where Bitcoin adoption is more than USA like in Japan, South Korea, Switzerland, and Slovenia.
At first I want to say that we don't depend on America to see the adoption of bitcoin, no, it will be their problem if they don't take care of it. According to survey published by Spencer Bogart, 11% of Americans own bitcoin. It's not small number and we have to consider that bitcoin is 11 years old currency, for this period of time it's even highly adopted.
When we talk around that numbers, we don't have to forget that quality over quantity matters and this, another fact that's sad in reality: In 2007 the richest 1% of the American population owned 35% of the country's total wealth. <-- This need to be fixed, not number of Americans who own bitcoin as for now.
When we talk around that numbers, we don't have to forget that quality over quantity matters and this, another fact that's sad in reality: In 2007 the richest 1% of the American population owned 35% of the country's total wealth. <-- This need to be fixed, not number of Americans who own bitcoin as for now.
I would not trust such a poll since it is most likely to be very skewed and not representative enough
there were polls that quoted 14% , 12% and so on , they do it this way - poll a number of people , say 1000 and extrapolate it on the whole populace
they simply cannot afford or have enough manpower to question millions of people , so they are trying to show their polls as a good representation of every class, gender , occupation etc.
and if you asked 10 doctors , 10 cab drivers , 10 engineers and so on , doesn't mean that the next 1000 of them will posses bitcoins ( or not)
6.2% figure is rather huge , I don't understand why ONLy , it is , probably , 3-4 times lower than that
6% is roughly 20+ million of people who own bitcoin , you seriously think that this is right?
I'd estimate it as 3-4 million at most , but again , I'm speculating but my guess is the same educated guess as the polling agencies do , I asked a dozen of my friends from the US and only one of them owned bitcoins , so go figure
there were polls that quoted 14% , 12% and so on , they do it this way - poll a number of people , say 1000 and extrapolate it on the whole populace
they simply cannot afford or have enough manpower to question millions of people , so they are trying to show their polls as a good representation of every class, gender , occupation etc.
and if you asked 10 doctors , 10 cab drivers , 10 engineers and so on , doesn't mean that the next 1000 of them will posses bitcoins ( or not)
6.2% figure is rather huge , I don't understand why ONLy , it is , probably , 3-4 times lower than that
6% is roughly 20+ million of people who own bitcoin , you seriously think that this is right?
I'd estimate it as 3-4 million at most , but again , I'm speculating but my guess is the same educated guess as the polling agencies do , I asked a dozen of my friends from the US and only one of them owned bitcoins , so go figure
According to this article , only 6.2% of a highly developed country like the US of America own Bitcoin , which seems unreasonable among the crypto community who rely on the Americans for Bitcoin to be mass adopted quite fast around the world. Here is the link of the news:
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
https://www.tronweekly.com/bitcoin-advisory-founder-shares-research-that-shows-6-2-percent-of-american-citizens-own-bitcoin/
i can't guarantee the data research from tronweekly is trusted
i get another research result 81% of Americans are familiar with at least one type of cryptocurrency, i think arround 30%+ people in american own bitcoin
source : https://today.yougov.com/topics/finance/articles-reports/2019/09/24/cryptocurrency-bitcoin-americans-millennials-poll
and another trusted research from coinbase and coindesk
Currently, 58 percent of Americans say they’ve heard of Bitcoin.
https://blog.coinbase.com/the-united-states-of-crypto-55282c97855c
Survey: Nearly 80% of Americans Have Heard of Bitcoin (2018)
https://www.coindesk.com/survey-nearly-80-of-americans-have-heard-of-bitcoin
It's simple, and there are some reasons, but I'll make short
BTC is not so easy to pay to use like a credit card for example, it require a few steps, but not so easy for people who are't into technology
BTC is in the hands of the most rich in US, people with high amounts of money and coins, it's not for the poor
Agree!BTC is not so easy to pay to use like a credit card for example, it require a few steps, but not so easy for people who are't into technology
BTC is in the hands of the most rich in US, people with high amounts of money and coins, it's not for the poor
One reason also is the trust that crypto and bitcoin built from them. I think many Americans are also scammed and they think generally that all cryptos are bad even in bitcoin. But I think almost all Americans are aware of bitcoin price and they know that it is really high. And mostly americans are rich. That's why they are in first world country.
That's clear
Because bitcoin is banned in America and known for dark stuff
Because bitcoin is banned in America and known for dark stuff
In my view 6.2 is not a bad percentage. There are countries where less than 1% people even know bitcoin and other cryptos. Reason for low ownership and awareness regarding bitcoin is because not everyone can understand this new technology easily.
Bitcoin is becoming more and more common. But there are a lot of people who don't know Bitcoin. It's unreasonable to think that all of these people would buy bitcoins. I don't think that's gonna happen. However, more investors can enter the market than today's investors.
This is completely normal because Americans are restricting their services too much to the crypto market. You can see a lot of exchanges have banned Americans from using, mostly Chinese exchanges. Americans seem to only use Coinbase as the main and a few other small exchanges. That's why few Americans own Bitcoin and most are Chinese and Russians. The government in China doesn't work hard for crypto businesses, so they have a good foundation to grow.
in that large amount is actually quite good in the data and that too we have to look at the population there as well, because in my area not much is known with certainty crypto user data. I think the development of crypto is still quite young, by getting that many users in America I think it's normal and it's good enough. Yes, it is important that user growth continues to increase over time. 
This is completely normal because Americans are restricting their services too much to the crypto market. You can see a lot of exchanges have banned Americans from using, mostly Chinese exchanges. Americans seem to only use Coinbase as the main and a few other small exchanges. That's why few Americans own Bitcoin and most are Chinese and Russians. The government in China doesn't work hard for crypto businesses, so they have a good foundation to grow.
I think a lot of people own bitcoin in america before 2017, i have heard news some use it to pay ice cream and some who accept it in their place but since 2017, i think they sold their bitcoins
during bullrun year since they need money, maybe they think they needed the money in their daily lives , at the same time as we know china has the most miners in the world so probably
thats the other reasons,
during bullrun year since they need money, maybe they think they needed the money in their daily lives , at the same time as we know china has the most miners in the world so probably
thats the other reasons,
I think maybe throughout the world 6.2% but other then my family and friends here in the United States I introduced bitcoin to noone I know invests in BTC.
Hell most friends I have talked about btc with have all said they would like to physically hold their money. Most people i know believe it is a scam!!! In my eyes its no diffrent from credit cards or debit cards. I personally just like BTC more!
Hell most friends I have talked about btc with have all said they would like to physically hold their money. Most people i know believe it is a scam!!! In my eyes its no diffrent from credit cards or debit cards. I personally just like BTC more!
It is not that big problem if it is only 6.2 percent of american's use bitcoin or crypto, a lot of american's struggle of using it and some of them making a way to less the taxation and spread crypto to their country, so in time will come the price will be higher and the popularity will spread. so what do you think OP is there a problem when this happens?
I think that mostly Americans use Bitcoin as an investment asset, not as a means for everyday payments. The Bitcoin exchange rate is very unstable, so it is logical that people prefer to pay for goods and services with traditional money, the rate of which is stable.
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