Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin (BTC) Gaining More Public Trust Amid Waning Confidence in Banks: Survey

by Daily Hodl Staff
June 25, 2020
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

A survey of 4,852 individuals in 17 countries reveals a growing confidence in Bitcoin (BTC) as public trust in financial institutions and traditional assets wanes.

According to The Tokenist, which conducted the poll in April, knowledge and confidence in the leading cryptocurrency has increased over the past three years. More than 45% of those who participated in the survey say they prefer to invest in Bitcoin over stocks, real estate and gold.

The survey also found that 47% of the respondents now trust Bitcoin over big banks, marking a 29% increase since 2017.

Source: The Tokenist

Gains in public trust for Bitcoin are most dramatic among male Millennials. More than half of the respondents in this demographic group say they prefer owning BTC over government bonds.

Confidence in Bitcoin’s future is particularly high among young respondents. The survey shows that 59% of Millennials think that most people will be using the king coin within the next decade.

Traditional banking institutions, on the other hand, see a different trend. Public confidence in assets like stocks and bonds dropped over the past three years. The recent volatility of assets held by big banks and increased professionalization of the crypto industry have likely contributed to the trend. The report says the waning confidence in financial institutions stands to benefit Bitcoin.

“This growing confidence is demonstrated by an enormous increase in public confidence towards BTC as an asset class.”

“Perhaps compounded by the recent COVID-19 market fluctuations, we see the BTC narrative strongly supported whenever central banks print money.”



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/GaudiLab

Submit a Press Release

Crypto Livewire – Press Releases

  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
  • SnapEx Adds LINK, BNB and TRX Alongside Sign-Up Bonus on a Sleek New App
    December 11, 2020
Submit a Guest Post
Bitcoin
$32,711.00
$32,711.00
9.81%
Ethereum
$1,234.75
$1,234.75
12.87%
XRP
$0.277011
$0.277011
8.59%
Litecoin
$137.80
$137.80
6.6%
Bitcoin Cash
$434.45
$434.45
6.1%

Spotlight

  • Report Reveals How Ripple Will Defend Itself and XRP Against the U.S. Securities and Exchange Commission
    January 17, 2021
  • Coinbase Bump Alert: US Exchange Announces Support for Crypto Asset on Custody Platform
    January 21, 2021
  • Partner at Crypto Giant ParaFi Capital Reveals Strategy for Investing in Nascent DeFi Market
    January 18, 2021
  • Is Crypto Giant Grayscale Preparing to Support Chainlink?
    January 22, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2020 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.