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Topic: Why only 6.2 percent of American citizens own Bitcoin? - page 3. (Read 1535 times)

sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
it is not important on how much percent is having bitcoin since for 10 years of operation?that margin is good enough to say that we are really in progress.

for me what is important is How many People have already knowledge about Bitcoin and crypto currency?because this is what we need to develop more.

these people are just waiting for them to be encourage more before investing and trusting cypto so if we are really concern about our market and community here?we must help to spread the usage and advantage of this currencies and we will see in future the more users and holders of this.
full member
Activity: 1022
Merit: 133
I think it's because of the super strict laws of the US against crypto and Bitcoin in general. It's quite sad to know how the citizens of them are losing so much of potential and blockchain would have brought much transparency which I don't think the US agencies like Cheesy
jr. member
Activity: 217
Merit: 5
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/
Not the entire population could be in the world of cryptos, because there are very few people who decide to risk something totally different. They prefer to continue in their comfort zone, with a minimum, but safe salary. And for that, they fear this world. I remember that when they first spoke to me about cryptos, it was a bit complicated for my understanding, and especially for believing. But I was tired of following the same system, I was exploited in my work and what I earned was enough for what was necessary and that's why I decided to know all this more thoroughly. to have different results you have to do different things.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
One of the reason might be they have a good economy that makes them not too bothered about any new digital currency. Most countries that are adopting cryptocurrency have been affected by high inflation and they are using it as a save heaven.
Quite the opposite in my opinion, country with good economy usually makes their citizens have a chance into investing some portion of their earning to invest in stock or crypto unlike a relatively backward economy. The fact that so small minority of american own bitcoin is probably due to being ignorant with the existence of bitcoin although I agree that people from US could easily overlook bitcoin.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
One of the reason might be they have a good economy that makes them not too bothered about any new digital currency. Most countries that are adopting cryptocurrency have been affected by high inflation and they are using it as a save heaven.
full member
Activity: 1316
Merit: 108
The fact is that a very narrow circle of people are interested in cryptocurrency, and in addition to the information space, negative information and statements of various kinds of officials about problems in the cryptocurrency market and about the big risks of investing in cryptocurrency are constantly heard.  Based on this, most people are negative about cryptocurrency, and a significant part do not even want to study or verify this kind of information about the degree of benefit of the cryptocurrency business.  I believe that the whole problem is the low popularity of cryptocurrency and the huge impact of the situation with the fall of the cryptocurrency market in 2017 on public opinion.
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
If you are worried about the percentage then you have to understand that 6.2% is not a small number if it's true, for me, It's a huge number, one thing you have to consider that most of the Bitcoin user doesn't say about this system to the people because of some legal aspect, you have to take another thing that, American people don't need to get involved in this system because their currency is the strongest currency in the world, so I haven't expected such type of ratio, I think Bitcoin is much more popular outside the USA, but there is still a lot of chances to get popular in this area.
I guess it was already a lot of people but comparing it to a number of Americans that is only a small percentage. I've seen a lot of people overseas that own a bitcoin. I think if we are going to get the percentage of American that know bitcoin we could easily get a high percentage in the Americans but surely there is only a small percentage that own bitcoin since a lot of people is not going to put money in the line or in the risk in cryptocurrency.
sr. member
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
6.2 percent is seems reasonable because currently there's not a lot of people using it because they're afraid of the risk of it, like probably they probably think that bitcoin could die and they're thinking of the negative things than the positives things about bitcoin, furthermore, they probably think that bitcoin is created only to be used in the bad things, I mean here by using it in the Darknet marketplaces to buy and sell illegal stuffs.
sr. member
Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
Here is one thing to learn only a 6.2% of Americans owning BTC,Same here around the globe under 5% people own the BTC.Now question arise why peopel are not owning BTC,there are many reason but the main reason is unawareness and the legality of BTC.

Due to legality issue people avoid to get in BTC because they face trouble in buy and sell and dont find a platform within a country that allow Buying and selling independently.
sr. member
Activity: 1120
Merit: 438
https://bitcointalk.org/index.php?topic=5274318.0
Maybe because USD is more stable and still strong enough against other fiat currency.
Look at this data: https://coinspace.com/news/global/top-countries-driving-cryptocurrency-adoption-2019-report
Crypto is more popular in countries with unstable economy.

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USA - 3rd most populated country - 331,002,651
https://www.worldometers.info/world-population/population-by-country/
331,002,651 x 6.2% = 20M ++ WOW!
...
Australia population = 25M
Netherlands population = 17M

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As comparisons with gold, silver, and stock:

New Survey Reveals 12% of The American Population Owns Gold, While 14.7% Owns Silver
https://20somethingfinance.com/percent-of-americans-own-stock/

The Percent of Americans who Own Stock Hits Record Low
https://20somethingfinance.com/percent-of-americans-own-stock/
sr. member
Activity: 2618
Merit: 439
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/
relying on america for bitcoin to be adopted?lol is that a joke?there are many countries that welcome Bitcoin and crypto more appropriate then why just america?be realistic mate ,because world dont consist of US only there are other who will make crypto known and valued worldwide,just look and see.
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
I'm actually surprised to know if it's that high if that's even true. I would have guessed ~2% if someone had asked me. But the answer is that it's a new technology, bad user experience, it's risky, bad consumer awareness and whole host of other reasons.

You could have asked why only 6.2% of Americans used the internet at a particular point in history and pointed to all of it's benefits for the exact same reasons. Despite the fact that it was still pretty useful during this stage.
legendary
Activity: 1316
Merit: 1145
that's because countries with leaders like America haven't yet accepted bitcoin openly. in america, crypto growth is highly controlled. and has very strict rules for bitcoin holders. so, there are very few crypto holders in that country. some crypto developers in the country are out and continuing outside the US. America is still a controversy with Bitcoin. and try to defend their dollar.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
If you are worried about the percentage then you have to understand that 6.2% is not a small number if it's true, for me, It's a huge number, one thing you have to consider that most of the Bitcoin user doesn't say about this system to the people because of some legal aspect, you have to take another thing that, American people don't need to get involved in this system because their currency is the strongest currency in the world, so I haven't expected such type of ratio, I think Bitcoin is much more popular outside the USA, but there is still a lot of chances to get popular in this area.

And basically, we don't really need everyone to have or own portions of bitcoin, as long as they are distributed across the nation and around the world, that will still do, because adoption in its finest will happen, if people could see bitcoin users from left side of their vicinity, to right side of their neighborhood. Indeed, will influence them to search bitcoin and to probably use it. Moreover, statistics of 6.2 percent american aren't too bad, most of the cryptocurrency channels are made by americans and they are inspiring allot of people in the world that is really making an impact to huge market adoption.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
If you are worried about the percentage then you have to understand that 6.2% is not a small number if it's true, for me, It's a huge number, one thing you have to consider that most of the Bitcoin user doesn't say about this system to the people because of some legal aspect, you have to take another thing that, American people don't need to get involved in this system because their currency is the strongest currency in the world, so I haven't expected such type of ratio, I think Bitcoin is much more popular outside the USA, but there is still a lot of chances to get popular in this area.
legendary
Activity: 3346
Merit: 3125
6.2% sound as a small number, but when we are talking about a population of 327.2 million (2018) then 6.2% is 20286400... If each American citizen involved in bitcoin decides to buy one, then they will have all the bitcoins.

And if the percent is low is because bitcoin doesn't have the right diffusion there, sad but true...
sr. member
Activity: 756
Merit: 251
If that is true then its maybe about the legalities and tax issues that may possible hinders the american citizens to own bitcoin. There are maybe not yet known of owning it. We all know that the privacy of owning bitcoin and people having it may not like to be known. I think the 6.2percent are those who want to be known all others are just silent and private about it.
copper member
Activity: 110
Merit: 2
Total Exchange (TEX) and Luxury Ledger (LXRY)
I would think Bitcoin adoption in developing countries would be more "necessary" as part of banking the un-banked thesis. In the West, bitcoin although very innovative can be seen as just a speculative asset. West has sound relatively sound financial  and banking infrastructure and as such, less urgency in adoption.
sr. member
Activity: 896
Merit: 251
Did you get correct information source about 6.2% of American citizen have own bitcoin, there are bigger population in the world are using bitcoin as currency and best way for investing in bitcoin. I look not really trusted with 6% citizen of America have adopted and used bitcoin as their way for trading or only as investment project only.
when talking about data, we have to look at the source first, plus we don't know for sure whether people report everything or not. but actually 6% is big enough because bitcoin is still young enough for its development, and I'm sure user growth will increase every year.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
Did you get correct information source about 6.2% of American citizen have own bitcoin, there are bigger population in the world are using bitcoin as currency and best way for investing in bitcoin. I look not really trusted with 6% citizen of America have adopted and used bitcoin as their way for trading or only as investment project only.
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