According to a new research from bitFlyer, many Europeans believe in the durability of cryptocurrencies but not so many are optimistic about the future of bitcoin.

bitFlyer was licensed to operate the European Union in 2018 with 10,000 respondents in Europe to find out their opinions about cryptocurrencies such as bitcoin. The research was reported in 10 countries: the United Kingdom, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland and Spain.

On average, 63% of Europeans believe that crypto will exist in 10 years. Norwegian respondents revealed the most optimism about the future of crypto with 73% thinking that crypto will exist while only 55% French respondents believe in crypto in the long-term.

Percentage of consumers who believe crypto will still exist in 10 years
Percentage of consumers who believe crypto will still exist in 10 years

However, fewer Europeans are confident about the future of bitcoin – the biggest cryptocurrency. Only 49% of respondents on average think that bitcoin will exist 10 years from now. Similar to the result of crypto, French respondents were the least optimistic about bitcoin with only 40%. Italian and Polish respondents showed the most confidence with 55% and 53% speaking in favor of bitcoin, respectively.

Percentage of consumers who believe crypto will still exist in 10 years
Percentage of consumers who believe bitcoin will indeed exist in 10 year

Particularly, an average of 7% of Europeans believe that bitcoin will be an investment and a security tool in 10 years.

Percentage of consumers who believe crypto will still exist in 10 years
Percentage of consumers who believe bitcoin will exist as an investment & security tool in 10 year

 

In conclusion, cryptocurrencies will stay over the next decade. And the industry disruptors should promote particular benefits and use cases of crypto, so that people can well understand how the technology will come to be used in society.

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