Every fifth U.K. resident sees crypto as common as cash or card

November 10, 2018
Darya Karatkevich

In a 10-year anniversary after a mysterious person (or group) named Satoshi Nakamoto published a whitepaper introducing Bitcoin, one of the leading British research agencies, YouGov, published a survey of consumer attitudes towards crypto.

crypto awareness in UK

According to the findings, over 90 percent of U.K. residents have now heard of Bitcoin, with over one-fifth foreseeing it becoming as common as cash or card in the nearest future.

The largest age and gender group to own or trade Bitcoin are males ages 18-24. In the same group, over 36% of respondents have also indicated that they know someone who buys or trades Bitcoin, which also dramatically increases the crypto awareness percentage.

Another fascinating detail that the survey revealed is that while a huge number of respondents are fond of crypto, most of them are ‘undecided’ on their opinion in terms of its decentralized nature. For instance, the majority of respondents answered that they felt neutral to Bitcoin’s absence of central banking or government authority, while others felt “fairly negative.” Financial experts connect such difference in opinions mostly because the cryptocurrency regulation is still an ongoing debate in U.K., which basically transfers the same “undecided” feelings for decentralization to the masses.

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

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