A new poll found that 35% of Australians believe that bitcoin will ultimately be more traded as fiat currency. Almost as many respondents believe that Bitcoin “will play a significant role in the future of the currency”.
- The comparison platform Finder published the results of a cryptocurrency survey on Tuesday, which it described as a “nationally representative survey of 1,012 Australians”.
- Respondents were asked if they agree with various statements about Bitcoin. You either have to agree or not.
- One of the statements was: “Bitcoin will at some point be more widespread than traditional money”. The company commented:
The research found that 1 in 3 Australians (35%) believe that Bitcoin will end up being traded more than fiat (traditional) currencies.
- Kate Browne, a personal finance expert at Finder, said, “While only 17% of Aussies own cryptocurrency, twice as many believe it will play a significant role in the currency’s future.”
- Overall, Generation Z (52%) were the most likely to believe that Bitcoin would be more popular than the centralized currency, followed by Millennials (45%) and Generation X (30%). Only 17% of baby boomers agreed.
- Respondents were also asked if they agree with the statement that “Bitcoin is a legitimate investment”. 50% said yes. Meanwhile, 63% believed that “Bitcoin is purely speculative”.
- Another statement was “Bitcoin is a bubble that will eventually burst,” which 73% agreed.
- Respondents were also asked if they have an app that allows them to trade cryptocurrencies. 15% said yes, while 73% said they do not have a crypto trading app or plan to get one. Another 12% said they didn’t have a crypto trading app but intended to get one.
Do you think Bitcoin will eventually be traded more than fiat currencies? Let us know in the comment section below.
Photo credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.