64% Of Germans Aware Of Bitcoin, Says IT Association B... | News

A survey printed Feb. 15 by the German Federal Association for Information Technology, Telecommunications and New Media (Bitkom), discovered that simply over two thirds of Germans are conscious of Bitcoin (BTC).

Awareness of the preferred cryptocurrency has doubled since 2016, when 36 p.c of German residents had been aware of Bitcoin, and quadrupled since 2013, Bitkom experiences.

According to this yr’s survey, four p.c of the 1,009 respondents truly personal Bitcoin, 19 p.c stated that they've an concept of how you can purchase Bitcoin, and 72 p.c said they'd no real interest in the digital forex.

On the financial significance of cryptocurrencies and Blockchain, Bitkom CEO Bernhard Rohleder said:

"Bitcoin and different cryptocurrencies are a very good instance of how the digital age is ready to change the monetary world. This shouldn't be a lot concerning the particular person forex itself as it's concerning the underlying blockchain know-how. It will have an effect on the entire economic system.”

As reported by Bitkom’s survey, the 2 principal causes cited by the 72 p.c of Germans who've no real interest in Bitcoin are dangers from excessive value volatility and lack of information of Bitcoin’s sensible use.

On Monday, Feb. 12, the European Supervisory Authorities warned shoppers that cryptocurrencies are “highly risky” belongings that present “clear signs of a pricing bubble”.

Awareness of cryptocurrencies is excessive in Germany in comparison with another international locations. According to a Jan. 13 survey, greater than 56 p.c of Russians have heard of Bitcoin. In August 2017, Charles Xue, a Chinese-American billionaire investor, suggested that the overwhelming majority of individuals in China, 70-80 p.c, have by no means heard of Bitcoin.