Categories: * Bitcoin Analysis

Most Bitcoiners Are Young & Have Been Involved Less than Two Years

Published:
13/04/2015 09:51
EST. Journalist:


According to a global survey presently being conducted by BitcoinsInIreland.com, the preliminary results of which they have released (they will consider the survey finished when they’ve reached at least 1,000 respondents), the following are true about average Bitcoiners:

  • They became involved with Bitcoin less than two years ago, in 2013 or 2014.
  • They are in their 20s and early 30s, with the majority being born after 1980. A few respondents were even as young as 15 and 16, making them unqualified to use a number of traditional financial instruments.
  • 80% of respondents claimed to have spread the word about Bitcoin.
  • The vast majority do not use Bitcoin Core, with only 13% of respondents claiming to use it. ‘

The survey is ongoing, and so far has encompassed over 50 countries, though a high number of those polled already (unsurprisingly) live in the United States.

Also read: Survey Finds Americans Trust “Digital Currency” The Most

The data set didn’t make room for the many factors to why people may not use Bitcoin Core, but it can be guessed that most everyday Bitcoiners have no need of the full blockchain or the other features that Bitcoin Core offers. “Lightweight” clients such as Electrum and Multi-Bit have long since solved the problem of the lengthy downloading process, although the most recent edition of Bitcoin Core did speed up the Blockchain download by leaps and bounds.

CCN will post a full report of results when the survey is completed sometime in 2015. For more preliminary results, visit Bitcoins In Ireland.

Image from Shutterstock.

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P. H. Madore @bitillionaire

P. H. Madore has written for CCN since 2014 and is currently Head of Crypto. Please send breaking news tips or requests for investigation to paul.madore@ccn.com. His website is http://phm.link

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