Block Inc. and Wakefield Research collaborated on a paper that revealed some noteworthy Bitcoin results.
The research looked at Bitcoin narratives to better understand people’s understanding and impressions of the digital currency across geographies, gender, income, and age groups.
Researchers polled 9,500 people in 14 nations across three continents: the Americas, Europe, the Middle East, and Africa, and Asia-Pacific. An online poll was used to conduct the research over the course of 18 days in January.
Many respondents consider Bitcoin to be a useful payment method for moving money and purchasing products and services.
While cryptocurrency is commonly thought to be a male-dominated industry, the poll found that this narrative is less prevalent outside of the Americas in terms of ownership and “self-described” understanding.
People are negative about Bitcoin due to worries about security, price volatility, and an uncertain regulatory landscape.
People all throughout the world are more aware of Bitcoin than any other cryptocurrency, which is unsurprising.
Elon Musk dubbed Dogecoin the “people’s money” earlier this year, stressing the notion by adding “you don’t have to be a gigachad to possess [it].”
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