Ever since its development in 2009, cryptocurrency has been in the minds of millions of people worldwide. And for a good reason; cryptocurrency offers an economic advantage where users can obtain the digital currency without the need of intermediaries and centralized banks.
But, it’s always under skepticism by investors and people that are interested in it. Due to its decentralized nature, it can be difficult for companies and the average person to get a hold of it. That’s why LendingBlock created a survey in order to help find out how society actually thinks of it.
Cryptocurrency surveys always deliver interesting results. As of now, the public is still skeptical about the current state of cryptocurrencies. However, this doesn’t mean that it won’t improve as time progresses. The most recent Lendingblock survey shows a rather interesting future for Bitcoin and the multiple altcoins that are in the crypto market.
This survey was made with the assistance of CitizenMe. The platform focuses on insights and personal data, which makes it a great partner for surveys on this scale. Over 2,000 people participated in the survey, and the ending results were unlike what most people expected during this stage.
What Were the Results?
Specifically, 20% of the respondents stated that they own or previously owned cryptocurrency throughout their lives. This is a surprising number, but no exact details were given on the people’s networth during the survey. Still, it’s a percentage that’s higher than what most people expected, especially with its limited survey pool.
This isn’t the most compelling part about the survey though. About 50% of the respondents were confident that cryptocurrency will be a main part of everyone’s life by 2025. This doesn’t just go for online payments, but also public transportation, in-store purchases, and so on. Some projects are already focusing on these services, but there isn’t a global trend to discuss it yet.
Also, the survey shows that most respondents see cryptocurrency as a solid investment. This is a surprising finding as the Bitcoin market has received pressure due to government regulation. Over 50% of the respondents stated that they are ready to invest in cryptocurrency earlier instead of later. Even though they know the potential risks of investing, they still see cryptocurrency as something that’s valuable in the long term.
As one could expect, Lendingblock’s survey showed some trends. As of now, men are more likely to invest in cryptocurrency than women (30% males vs. 13% females). Millenials are also tempted to invest in cryptocurrency even though 20% of them believe that it’s just a fad. It will be interesting to see which conclusions will be true once 2025 arrives.
While cryptocurrency is a highly volatile investment, we can see that it’s known and valued in most people’s minds. The Lendingblock survey tells us that people are interested in obtaining Bitcoin, but may be skeptical due to complications (it requires technical experience to get it on most occasions).
In the future, cryptocurrency might play a huge role in our economy. But, we’ll have to see as it grows and performs.
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