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Almost 50% of US Customers Assume it is Now “Protected” to Put money into Bitcoin (BTC) and Different Cryptocurrencies: Survey

February 21, 2021

Piplsay analysis reveals that 27% of US customers are planning to make investments in cryptocurrency throughout 2021. Round 50% of People assume that it’s now “protected” to spend money on decentralized digital currencies, the survey revealed.

About 57% of US-based customers mentioned they assume main manufacturers ought to start taking crypto funds, in line with the survey outcomes.

Bitcoin has been on a tear currently, sending virtually everybody from conventional corporations to particular person buyers “scurrying for a slice of the crypto pie,” Piplsay researchers famous. The Bitcoin craze has change into so wild that even US authorities officers are displaying their sturdy assist for this motion in essentially the most sudden or shocking methods.

Piplsay additionally talked about that their new report appears into the rising public curiosity and understanding of this nascent asset class and idea of transacting in digital forex. Crypto pockets suppliers could need to think about leveraging this information of their decision-making, the corporate suggests.

Elon Musk’s Tesla has managed to create fairly the excitement just lately when it acquired $1.5 billion of Bitcoin whereas confirming it could settle for it as a type of fee within the foreseeable future. Elon Musk, the world’s wealthiest particular person, has additionally been commenting incessantly (largely jokes) on Dogecoin, a meme-inspired crypto.

Musk’s feedback have led to a dramatic improve within the Dogecoin (DOGE) worth. From being seen solely as largely a speculative funding to changing into a legit fee methodology for on-line purchases, cryptocurrency seems to be lastly gaining mainstream acceptance. This may be seen by “all of the renewed curiosity and discussions,” Piplsay confirmed.

The researchers additionally questioned that amid all this buzz, what do US customers take into consideration the idea of digital currencies? Piplsay stories that it surveyed 30,330 people nationwide to acquire some insights.

Among the notable findings shared by the researchers are as follows:

  • 38% Millennials say they perceive cryptocurrency “as in comparison with 33% of Gen Xers and 29% of Gen Zers”;
  • 42% of Millennials “assume cryptocurrency is protected as in comparison with 34% of Gen Xers and 24% of Gen Zers”;
  • About 32% of Millennials and Gen Zers every and 29% of Gen Xers “plan to spend money on cryptocurrency this yr’;

Survey Methodology 

This Piplsay survey (powered by Market Dice) was carried out nationwide in the US from February 15-16, 2021. The corporate reportedly obtained 30,330 on-line responses from individuals who had been a minimum of 18 years outdated.

Piplsay analysis stories “replicate unbiased opinions of respondents and will not be sponsored by any group or particular person,” the corporate claims. The survey questionnaires are “primarily based on key client tendencies.”

(Notice: it’s possible you’ll take a look at the detailed survey outcomes right here.)