World’s Largest Bitcoin Survey: Over 12k People Talk Bitcoin

Journalist:
April 23, 2015

Over the last couple of years, there have been many surveys done about what Bitcoin is and what people think of Bitcoin. The Digital Currency Council (DCC) and Coin Report have done surveys to get consumer opinion on its progress. As Bitcoin has grown, so have the corporate players involved, and the number of countries using Bitcoin worldwide. Now, financial giant ING has integrated Bitcoin into a massive mobile banking survey that covered most of Europe, with over 12,400 people responding to questions about Bitcoin, and it’s future in the mobile user space.

Bitcoin Survey: The countries attracted to Bitcoin

ING is a global financial institution with a strong European base, offering banking services with over 53,000 employees. They provide retail and commercial banking services to customers in over 40 countries, so they have a lot of access to consumers who may use Bitcoin now and in the future. This is their second annual International Survey, and more proof that Bitcoin is having a global impact on finance and technology if ING feels the need to integrate Bitcoin questions into their consumer surveys. The survey is from last year, and another one is expected soon, so we’ll update these numbers when we get more information. The countries charted include Romania, France, Belgium, Germany, Czech Republic, Italy, The United Kingdon, Luxembourg, Austria, Spain, Poland, Netherlands, and Turkey.

Overall, about one in four, 24%, of the over twelve thousand people surveyed in Europe believe Bitcoin and digital currencies will be the future of money online. 38% disagree and 38% had no opinion. The country of Turkey did the most online banking of any country surveyed and was the most interested in Bitcoin, with 36% saying it is the future of spending online versus just 24% disagreeing. The country that does the next most online banking, The Netherlands, is also the most negative towards Bitcoin, with only one in twelve people thinking Bitcoin has a big future in online commerce, 57% giving it the thumbs down. Italy and Poland were the other two countries to have a more positive than negative verdict for Bitcoin going forward, with about half those surveyed having no opinion of it.

Also read: Bitcoin Survey: 1 in 4 Bitcoin Users Defrauded by Exchanges

In addition, Forklog, the Russian Bitcoin magazine, conducted their own survey earlier this month of almost 800 people to get their pulse on Bitcoin use. 80% of the respondents were from Russia and another 10% from the Ukraine. It seems from those responding that Bitcoin is somewhat popular in Russia, even though it is facing a ban from The State.

Almost 40% plan on putting their savings into Bitcoin, but have not as of yet. About one in four currently save up to 20% of their money in Bitcoin, and almost 10% put it all in Bitcoin. 28% say they will not be saving in Bitcoin. Over 90% of Russians have negative feelings towards the Russian government for attempting to ban Bitcoin. More than seven out of ten intend to use it even if they may get in legal trouble for doing so. 20% said that Russian laws making it illegal would keep them from using Bitcoin.

Two out of three Russians would not actively participate in getting Bitcoin legalized nationally while about a quarter would contact government or sign petitions. 10% said they would do whatever it takes to make it legal. More than half said they do not trust Bitcoin exchanges due to exchange risk, but almost 40% do actively use Bitcoin exchanges. 14% keep their Bitcoin in exchange wallets. 45% believe that Bitcoin’s Block Chain technology will change the world within 20 years. 56% see the price staying within $200-1000 USD this year.

Images provided by Shutterstock, ING and Forklog.

What do you think about Bitcoin’s results in these surveys? Share above and comment below.

Evander Smart @EvanderSmart

Evander Smart wants to get you talking, get you thinking, get you learning about Bitcoin, "The Future of Money". He has two Bitcoin video training courses on Udemy.com called "Bitcoin for Beginners". Go to EvanderSmart.com to get the latest on Evander and the latest Bitcoin news.