THELOGICALINDIAN - Recent accessible surveys in Korea Japan and the US acknowledge altered levels of bitcoin acquaintance and acceptance in the three top bitcoin markets The country with the arch acquaintance has the atomic bitcoin exchanges and atomic aggregate of the three
Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges
90% Know of Bitcoin
Mobile buzz analysis specialist Dooit appear the after-effects of its “Perception and Prospects for Bitcoin” analysis taken in South Korea this week, bounded publications reported. The analysis was conducted amid December 1 and 4, with 3018 participants age-old 20 or older. The sampling absurdity ambit was ± 1.78% allotment points, giving it a 95% aplomb level, according to the company.
Regarding respondents’ acquaintance with bitcoin, 44.1% of those surveyed said, “I accept heard the name.” 35.1% said “I apperceive [it]” and 10.8% answered, “I apperceive [it] well.” Meanwhile, 10% replied, “I do not apperceive [it] at all.” Altogether, the cardinal of respondents who accept heard of bitcoin amounts to 90%.
In agreement of demographics, bitcoin is best accepted amid respondents in their 30s. 29.8% of this age accumulation accepted to accepting purchased the agenda currency. By comparison, 26.3% in their 40s, 22.4% in their 20s, and 23% in their 50s affirmation to accept acquaintance in purchasing bitcoin.
South Korea is one of the better cryptocurrency markets. The Korean won is currently the third best traded bill for bitcoin, abaft alone Japan and the U.S. The country’s better bitcoin barter Bithumb currently has the highest bitcoin trading aggregate out of all exchanges worldwide.
Bitcoin trading aggregate in the country has absolutely surpassed that of Kosdaq, the Korean adaptation of the Nasdaq banal exchange. This adumbration has prompted the regulators in the country to bustle to regulate the crypto market. In addition, the country’s best accepted babble app, Kakao Talk, has afresh integrated a cryptocurrency barter alleged Upbit with over 110 cryptocurrencies. Kakao Talk has over 200 actor users and is installed on over 95% of smartphones in South Korea.
8% Know What a Blockchain Is
While best of the analysis respondents apperceive what bitcoin is, few of them accept heard of blockchains. Only 8% claim to apperceive both what a blockchain is and accept its accord with bitcoin.
The majority of the respondents, 49.7%, accepted that “I do not apperceive what it agency at all” back asked about the appellation blockchain.
Some of them were able to accomplish guesses apropos the technology. 18.5% think that both bitcoin and blockchains “are basic currency” while 6.7% accept that a blockchain is “the artefact acquired from bitcoin.” Lastly, 5.1% wrongfully estimated that an barter trading bitcoin is a blockchain.
Reasons for Purchasing Bitcoin
Out of all respondents, 26.1% said that they accept purchased bitcoin. This allotment corresponds to 787 people. Respondents who accept not purchased it aggregate assorted affidavit on the company’s website. “Bitcoin, it’s dangerous,” wrote one participant. Another actor shared:
Among those who accept purchased, 5.8% said that they currently own bitcoin while 20.3% said that they do not.
Also aural this accumulation of respondents, 48.3% purchased bitcoin because they are artlessly analytical about agenda currencies. A further 23.3% said they purchased it for concise accumulation while 15.6% indicated it was for abiding investment. Meanwhile, 12.8% of them purchased bitcoin at the advocacy of others.
Compared to Japan
Japan is currently the baton in the cryptocurrency market, with the Japanese yen application the better bitcoin trading bazaar share. The country additionally fabricated bitcoin a acknowledged adjustment of acquittal for all appurtenances and casework aback in April. Since then, bitcoin acceptance and merchant acceptance there accept developed significantly. Recently, news.Bitcoin.com reported on a Japanese analysis of 10,000 respondents. 88% of them apperceive what bitcoin is but alone 4.7% accept purchased it.
Among Japanese bitcoin purchasers, 42% said they purchased because they were absorbed in agenda currencies; the aforementioned allotment apprehend it to abound in the future. 33% bought bitcoin because they accept it to be profitable. 54% purchased it as a abiding advance and 42% as a concise investment. See abounding analysis after-effects here.
Compared to the US
The U.S. dollar is currently the additional better bitcoin bazaar abaft the Japanese yen. On Monday, crypto PR close Ditto published a cryptocurrency accessible ability report. The close conducted a analysis in the aboriginal anniversary of November with 500 respondents over 18 beyond the U.S.
They begin about 70% of respondents are alien with cryptocurrencies and about 90% do now apperceive what an antecedent bread alms (ICO) is. The best abreast articulation is the millennials with 1 in 5 of them accustomed with bitcoin.
What do you anticipate of these surveys? Let us apperceive in the comments area below.
Images address of Shutterstock, Business Watch, and Ditto.
Need to account your bitcoin holdings? Check our tools section.
