Bitcoin Among Americans: Majority Know It, But Very Few Purchased

According to a study by Global Blockchain Business Council and SurveyMonkey, nearly 60 % of Americans knows about the most popular cryptocurrency Bitcoin, but very few own it.

In  a survey conducted in January among 5,700 adults about the popularity of digital currencies, it became obvious that only 5 % actually own the virtual coin, also an additional 21 % had plans to purchase the coin. Among the owners, 71 % are male, 58 % are young with the age of 18 to 34.

Around 70 percent of those participated in the survey see significant upside, and expect the price to go up five years from now, while only 13% believe it will fall.

Among Americans, about 38 % of them think Bitcoin is a bubble, which will burst this year. Some of 31 % gave the same opinion about U.S. stocks and 27 % about housing prices.

As regards for investors, they have lack of trust and opportunity to return for digital currency. Those, who own Bitcoin are also trust more it, than the U.S. Government.

Regarding other major cryptocurrencies, the study noted that 46 % Americans have heard of Ethereum, 41 % of Litecoin, and 23 % of Ripple.

At the start of 2017, bitcoin has surged to $20,000 in December from $1,000. After that, the price dropped to $10,000 and has been trading around $11,000.