Over 65% of Europeans agree that cryptocurrency will be around over the next decade. Based on digital currencies gaining more trust and recognition from investors around the world.
66% of Europeans Think Cryptocurrency Will Be Around In A Decade
More Europeans agree that cryptocurrencies are here for the long term. This was included in a new Bitcoin Exchange BitFlyer poll. In nearly all of the countries surveyed, more than 60% of respondents trust in the long-term viability of Bitcoin and other cryptocurrencies.
The study, which is the second annual Crypto-Confidence Index study undertaken by the European cryptocurrency exchange arm of BitFlyer found that more people already trust in cryptocurrencies.
The survey report, which was released on Wednesday, highlighted that, given the current coronavirus pandemic impacting the global economy, Europeans are optimistic in cryptocurrencies. As such, over 66% of them agree that cryptocurrency will be around in the next decade.
The survey, conducted via Google Survey, interviewed 10,000 people across 10 European countries. The findings were extremely remarkable and obviously reflect a constructive approach to digital currencies. This year’s result is 3% higher than last year. According to BitFlyer, the findings clearly indicate increasing trust in cryptocurrencies given the debilitating impact of the COVID-19 pandemic on the global economy.
Europe Sees Cryptocurrency Favorably
Looking closely at the numbers, Italy, one of the countries worst affected by the coronavirus, is the most hopeful in terms of cryptocurrencies. The survey found that 72% of Italians agree that digital currencies will still be available over the next decade. Poland and the Netherlands are close, with 70% of respondents in both countries expressing high confidence in Bitcoin and other cryptos.
Spain, another country heavily impacted by the COVID-19 pandemic, saw 68% of respondents believing in the long-term future of cryptos. Norway, Denmark, Germany, and Belgium had 67%, 66%, 64%, and 64% respectively.
Surprisingly, France and the United Kingdom, two prominent crypto-space countries that host some of the industry’s biggest firms, had a lower degree of trust than the other surveyed nations. 60% of surveyed people in France agree that cryptos will be available for the next decade, although just 56% of people in the UK agree with this hypothesis. Overall, Europe’s average response indicates that 66% of Europeans are optimistic that digital currencies will be around by 2030.
Bitcoin Takes Center Stage
When it comes directly to Bitcoin, 1 in 10 (9%) of Europeans expect that the pioneering crypto will be completely adopted into society as a form of currency over the next decade. It is better than the 8% positive feedback Bitcoin got last year. 9% of respondents agree that Bitcoin should be used as a security or financial tool, which is much better than the 7% reached in 2019.
In Italy, 12% of respondents are optimistic that Bitcoin will be used as a common currency by 2030. That reflects a 2% rise in the number of people who trusted in Bitcoin last year in Italy. In Poland, a 10% claim this will be the case. While the United Kingdom had just 5% of its respondents in favor of Bitcoin being popular.
BitFlyer’s COO, Andy Bryant, was delighted with the results. He said it suggests a sluggish but steady advancement in digital currencies in popular consciousness. He concluded that we may see this as a victory for digital currencies, given the difficult economic times we are facing. Adding that is perhaps worth noting that this result could well be partially due to the pandemic.