Who owns bitcoins and why do they trust you?

A study conducted in the US revealed that almost 60% of its citizens have heard or read about this crypto currency. Find out in the following note other statistics about bit coin

Nearly 60% of Americans have heard or read about the world’s largest crypto currency, according to a joint survey of Survey Monkey and the Global Block chain Business Council to more than 5,700 adults in January. But, only 5% of people own the digital currency.

Those few bit coin investors are of a fairly consistent demography. An overwhelming 71% of them are men. The majority -58% – are young, between the ages of 18 and 34 years. And unlike the American population in general, almost half of them are minorities.

When asked why they bought the cryptographic asset, investors responded that a combination of lack of confidence and opportunity to return is at stake. About a third of bit coin owners said it was a means to avoid government regulation: 24% also said they trust bit coin more than the US government in a separate question, and about two in 10 see it as protection against crisis of traditional assets. More than 60% also said that buying the digital currency was seen as a growth investment.

Last year, that investment was worth a lot. The crypto currency shot up more than 1,400% in 2017, reaching a maximum of more than US $ 19,500 last month. But much of that gain has fallen: since December, bit coin has fallen almost in half and now it is trading at around US $ 11,000, according to data compiled by Bloomberg.

Approximately 70% of respondents this month said that bit coin will be worth significantly more in five years from now. But 38% also said that they see it as a bubble that is about to explode this year. About 41% of the owners of bit coin said the same thing.