A new survey found that 35% of Australians believe that Bitcoin will eventually trade more than fiat currency. Almost the same number of respondents believe that Bitcoin “plays an important role in the future of money.”
- Comparison platform Finder announced the results of a cryptocurrency survey on Tuesday, calling it “a nationally representative survey of 1,012 Australians.”
- Interviewees were asked whether they agreed with various statements about Bitcoin. They must agree or disagree.
- One of the statements is that “Bitcoin will eventually have a wider range of transactions than traditional currencies.” The company commented:
Research shows that one-third of Australians (35%) believe that Bitcoin will eventually trade more than legal (traditional) currencies.
- Kate Browne, a personal finance expert at Finder, believes: “Although only 17% of Australians own cryptocurrency, twice this number believes that it will play an important role in the future of currency.”
- Overall, Gen Z (52%) are most likely to believe that Bitcoin will be more popular than centralized currencies, followed by Millennials (45%) and Gen X (30%). Only 17% of baby boomers agree.
- Respondents were also asked whether they agreed that “Bitcoin is a legitimate investment”. 50% said yes. At the same time, 63% of people believe that “Bitcoin is purely speculative.”
- Another argument is that “Bitcoin is a bubble that will eventually burst”, 73% of people agreed with this point.
- Respondents were also asked if they have apps that can trade cryptocurrency. 15% said yes, while 73% said they did not have an encrypted trading app and did not plan to buy it. Another 12% said they do not have an encrypted trading application, but plan to buy one.
Do you think Bitcoin will eventually trade more than fiat currencies? Let us know in the comments section below.
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