Cryptocurrencies are becoming better known, but reluctance about their adoption is still present. However, cryptocurrencies the best known, such as bitcoin (BTC) or ether (ETH), are increasingly sought after. This is a fact that has prompted some agencies to carry out social surveys, with the aim of suppressing the prestige of the bitcoins. The survey reports are quite promising.
Bitcoin helps shape a fairer world
Fairness is a hard thing to achieve in today’s society. This is valid both in the economic sector and in the social or cultural environment. The reasons are many, including income inequality, gender inequality and geographic factors.
However, bitcoin is accessible to everyone, regardless of the user’s income. On the other hand, the reasons for adopting this digital currency are not the same for all holders. Those with higher incomes engage in corn investments to earn more money. Or, low-income users use bitcoin to facilitate certain financial transactions like purchases or money transfers.
As for the geographical ratio, we see that bitcoin is more adopted in countries that are part of emerging markets such as African countries. People in these countries find bitcoin transactions more commendable and easier. In addition, many users from poor countries use bitcoin in the hope of protecting themselves against inflation. Or, no study demonstrates that bitcoin effectively remedies the rate of inflation experienced by the countries concerned.
However, some developing countries, such as India, remain skeptical of bitcoin and digital assets. This can be explained by India’s historically tough stance on cryptocurrencies.
The report also indicates that bitcoin’s global adoption rate promises to be high given its qualities. But it all depends on education. Indeed, the more individuals know the true nature of bitcoin, the more they are interested in its adoption. Gray areas create rumours, distrust and naturally block its adoption.
The notoriety of bitcoin (BTC) is blatant
It is an understatement to say that bitcoin (BTC) remains the most famous cryptocurrency on a global scale. It is ahead of Ether (ETH) by a remarkable spread. The asset is known to approximately 88% of respondents. As for Ethereum, its popularity rate is around 43% among those surveyed.
If BTC is so successful, it is mainly thanks to its longevity. He had plenty of time to make himself known to the general public. Whether for companies, simple investors or anyone interested in cryptocurrencies.
It is considered the largest cryptocurrency in the world. Despite the falls, he remains solid and intact. Its transaction rate remains intact and it would even have the quality of bringing balance to the economic or even social sector.
A social survey, conducted by famous companies like cash app and Spiral, objectively demonstrates the power of bitcoin. Potential investors can refer to learn more about the boom that bitcoin is experiencing and will experience in the future. This virtual currency can still bring many things to the whole world.
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