Maybe you should make use of Gold and Silver to compare to this –Gold has been around for a very long time and same thing with Silver, but a new survey shows that only about 12% of US citizens owns gold and around 14% owns Silver. So if such percentage of the US citizens are interested in gold and silver what makes you think that more would be into Bitcoin?
Only 6.2% owns Bitcoin, that’s even more than what I have expected because bitcoin has only been around for a decade, that’s way too less compared to gold which is over 5000 years.
Topic: Why only 6.2 percent of American citizens own Bitcoin? - page 4. (Read 1526 times)
It's much better than I thought to be quite frank because I thought with all the different regulations and the IRS it would put a lot of Americans off owning Bitcoin. Then again, they would want to be at the forefront of this revolution seeing that they have Silicon Valley and a lot of tech going on there. Anyway, it's not a bad amount of people owning Bitcoin and when I started out, I remember it was less than one percent. If over 20/255 start owning Bitcoin, then yes we are at mass adoption stage then. Got a long way to go though.
digital currencies will probably expose people to cryptocurrencies because it happened in Switzerland that they were introduced to cashless technology which they pay items on stores using their mobile so they tend to open up to newer technology like crypto. Trump however isn't that open to crypto but may be the next president will be. 6.2 % only but i think this is spread out the country. more users are probably in south America.
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 think that is because most of the american have their own job, and they often loaded with the things that they have to do each day in which incorporating other foreign things might be so time consuming and I guess this is real for most of the people who heard about Bitcoin but until today they are still not open about embracing it since Bitcoin was too volatile at this moment and they couldn't risk their money with regards tot his which they can use on other thibgs like building up a business.
6.2% of US citizen is a huge population. Compare it with the 84% total that uses internet.
Public internet is here for 30 years while Bitcoin is here for just last 10 years. Crypto is one of the fastest growing tech of this century.
And with current rate of rise of bitcoin ownership, bitcoin would soon have a price boost that would attract even more people towards it.
Public internet is here for 30 years while Bitcoin is here for just last 10 years. Crypto is one of the fastest growing tech of this century.
And with current rate of rise of bitcoin ownership, bitcoin would soon have a price boost that would attract even more people towards it.
Sorry, there is not 20 million people in the USA owning Bitcoin or other digital assets. A Generous estimation would be 1.1% which is 3.85 million people and even that still seems high. Perhaps even .5% could be more accurate.
Bitcoin is still seen as an ultra risky asset and largely not understood by a population who barely understand the difference between a web browser and google search. No way does 20 million people own this yet. Perhaps not even worldwide. I could be wrong there but I don't see any evidence of that yet.
Bitcoin is still seen as an ultra risky asset and largely not understood by a population who barely understand the difference between a web browser and google search. No way does 20 million people own this yet. Perhaps not even worldwide. I could be wrong there but I don't see any evidence of that yet.
To use bitcoin you need to be technology aware. Majority of bitcoin users are millennial and elderly people who don’t have much knowledge about technology are quite away from bitcoin. I would say 6.2% is still high; there are countries where awareness about bitcoin is less than 1%.
That's right , in my country user cryptocurrency under 1% .almost 60% of the 1% is still a lot cheated on ponzy under the guise of cryto.
6% is really high if we do talk on entire population and as said some countries do have even more lower.Its quite understandable though
since we are just 10 years old and counting.Adoption is still on the move and expect for these numbers to rise up.
To use bitcoin you need to be technology aware. Majority of bitcoin users are millennial and elderly people who don’t have much knowledge about technology are quite away from bitcoin. I would say 6.2% is still high; there are countries where awareness about bitcoin is less than 1%.
That's right , in my country user cryptocurrency under 1% .almost 60% of the 1% is still a lot cheated on ponzy under the guise of cryto.
6% is really high if we do talk on entire population and as said some countries do have even more lower.Its quite understandable though
since we are just 10 years old and counting.Adoption is still on the move and expect for these numbers to rise up.
To use bitcoin you need to be technology aware. Majority of bitcoin users are millennial and elderly people who don’t have much knowledge about technology are quite away from bitcoin. I would say 6.2% is still high; there are countries where awareness about bitcoin is less than 1%.
That's right , in my country user cryptocurrency under 1% .almost 60% of the 1% is still a lot cheated on ponzy under the guise of cryto.
To use bitcoin you need to be technology aware. Majority of bitcoin users are millennial and elderly people who don’t have much knowledge about technology are quite away from bitcoin. I would say 6.2% is still high; there are countries where awareness about bitcoin is less than 1%.
I don't think 6.2% is bad maybe because of the percentage but the total amount of people is huge when you consider the total population of america. As we all know most american prefer not even paper money but credit card in paying for goods and services and this has become part of their life. Bitcoin is not that easy to use because its not all merchant that accept crypto as payment processor compare to the credit card. Intact some of merchants accepting bitcoin before are now rejecting it due to the high volatility of the coin.
America is one of the biggest countries in the world, and they have one of the most populated countries. However, still many people are not using cryptocurrency or especially the bitcoin even they are near to the top bitcoin countries in the world. Some of the reason is they have already a good life, and a stable job and also the earnings they have is enough for their needs, and they don't need to use the bitcoin. There are few people still using the bitcoin because they know the potential of this currency to make more earnings with the use of gambling and most likely is the trading that you can earn a 50 dollars in a single day. The percentage of 6.2 is enormous now because they are now adopting the use of bitcoin to their transaction because it is easier to use.
I don't think 6.2% is bad maybe because of the percentage but the total amount of people is huge when you consider the total population of america. As we all know most american prefer not even paper money but credit card in paying for goods and services and this has become part of their life. Bitcoin is not that easy to use because its not all merchant that accept crypto as payment processor compare to the credit card. Intact some of merchants accepting bitcoin before are now rejecting it due to the high volatility of the coin.
the number of bitcoin users is indeed not much because there are still many people who do not understand about bitcoin. and also not everyone has money to use bitcoin investments. and some people are also afraid to invest bicoin because bitcoin has a high risk they prefer to invest in stocks or mutual funds that have a lower risk. and also the use of bitcoin for payment tools is still limited. so naturally if there are still many people who do not yet have bitcoin.
i think, in every country also have that number, but some country have high user and maybe above 10%. if we join on internet, some site, maybe many people of different country, but actually maybe it just same person with many account. the spread of bitcoin is not fully conpleted. thats why, if we want to world, all of people know about bitcoin, we must spread. to known person until strange
6.2% is a very large number because the United States is a country of more than 300 million people, including the elderly, children and the labor force aged 15 to 64(Data as of 2017). I think the majority of cryptocurrency owners are mostly between the ages of 16 and 60. According to the US population structure, up to 66% of the US population at this age. In conclusion, we will see that nearly 10% of working-age people own cryptocurrencies. This is an optimistic figure, I believe that in the next 3-5 years this number will increase a lot.
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For most people, bitcoin still not legit and invest into bitcoin is not safe. Bitcoin price can move up and down really fast, which can make investors make lost. And bitcoin can not become popular payment methods which because high transactions fee and take long time to confirm. So that's why only 6.2% people in American own bitcoin. 
There is another reason why BTC is only owned by 6.2%. first, maybe bitcoin is not understood by others in depth. secondly, I think bitcoin only reaches certain circles that they are easy to understand bitcoin. Because even though America is a developed country, not everyone in America has a positive respect for bitcoin
some people still arent aware of what bitcoin or any crypto currency are. Help out your fellow citizens and get the word out there!
ONLY 6.2% lmfao
Not even close to 20 million americans own Bitcoin...
100% zero chance smh.
Look forward to the the day its true tho.
Not even close to 20 million americans own Bitcoin...
100% zero chance smh.
Look forward to the the day its true tho.
~snip
The higher the sample used, the more accurate the results. Just taking 5000 samples to survey in my opinion still looks too low to say that bitcoin is only owned by 6.2% of Americans.In my opinion, the title should be "Out of 5,000 Americans, 6.2% of them have bitcoin".
America has a population of more than 330 million based on the site United Stated Cencus. Each region has a different level of knowledge about bitcoin, and if 5000 samples were taken in only one region, the results might not be accurate enough.
But 6.2% of the survey results above are not bad results, it has proven that adoption of bitcoin is quite good there.
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