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Americans trust bitcoin more than Facebook's Libra: Survey

Sat, 27 Jul 2019, 05:45 am UTC

Only 2% of Americans trust Facebook’s upcoming cryptocurrency Libra and project wallet Calibra more than major cryptocurrency Bitcoin, according to a recent study by CivicScience.

The polling company carried out a survey of 1,799 American adults to determine the general trends and public concerns over the controversial Libra since its whitepaper was released last month.

Results revealed that around 40% of participants said that they trusted Libra less than Bitcoin and other cryptocurrencies. In addition, 39% claimed they were not sure about the question, whereas 19% revealed that they trust both cryptocurrencies about the same.

Meanwhile, the survey also found that the majority of people do not trust Facebook with their own personal data, and only 2% said they trust the social networking site a lot.

Moreover, most of the participants are not interested in the forthcoming Libra and Calibra. Only 5% expressed interest, and this small group reportedly comprises young people aged between 18 and 24 years.

Just recently, a Twitter thread by crypto trading platform The TIE found that the United States accounted for almost 40% of the total bitcoin tweets, followed by the United Kingdom, Canada, Turkey, and Australia. Of the bitcoin-related tweets, 61.5% were expressed in an “extremely positive” tone.

The United States also topped the survey for the country that has expressed more interest with Libra at 43.8% compared with bitcoin at 39.8%. However, Libra-related tweets are in a more positive tone in the United Kingdom than the United States and France.

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