bitFlyer Conducts European Study of Consumer Crypto Confidence

On April 24, 2019, Japanese crypto and blockchain company bitFlyer released the results of a study assessing public confidence in crypto assets of 10,000 people across 10 European nations.bitFlyer shared the findings with Bitcoin Magazine, providing details around its methodology. The 10,000 respondents were selected from 10 pools of 1,000 people from each participating nation: Belgium, Denmark, France, Germany, Italy, the Netherlands, Norway, Poland, Spain and the U.K. Questions were posed in each country’s native language, with French being the language used for multilingual Belgium.Crypto Confidence Higher Than Bitcoin ConfidenceEuropeans displayed a higher level of confidence in crypto assets as a whole than they did specifically in bitcoin. Only 49 percent of all survey participants indicated a belief that bitcoin will exist in 10 years’ time, while 63 percent indicated that confidence in the crypto space overall. Only 7 percent of respondents indicated a belief that bitcoin will exist as an investment and security tool in 10 years.The variance from nation to nation on these responses did not seem to easily correlate with larger economic factors such as GDP, the human development index or relationships to the European Union. Only Britain and France, for example, displayed less confidence than Belgium did that the crypto space will exist in 10 years, yet Belgium tied for the second-highest confidence that bitcoin will en...