• Fri, 19 Jul 2019, 04:59 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

New Coinbase survey of US crypto adoption paints encouraging picture

Coinbase.Marco Verch Professional Photographer and Speaker/Flickr

Sun, 30 Jun 2019, 11:51 am UTC

While cryptocurrency is relatively new in the finance industry compared to fiat and traditional banking sectors, a new survey indicates that interest in the nascent field is on the rise. In fact, the data indicates that quite a few people in the U.S. have not only heard of the various crypto offerings but have also expressed interest in investing. This paints a good picture of the industry’s health in the country despite obstacles.

The survey was conducted by Coinbase with over 2,000 participants as population samples. Based on the results, it’s quite clear that interest in bitcoin and the broader crypto industry has caught on. This was made obvious by facts like how “more people searched on Google for Bitcoin than the ‘royal wedding’ or ‘election results’” in the past year.

The crypto exchange firm basically made use of reality star Kim Kardashian as a baseline for comparing and measuring the popularity of cryptocurrency. This is due to the celebrity’s titanic presence on social media and the internet, as a whole.

“On average, Google users have searched for Bitcoin more often than they sought out info on Kim K., and that number is only trending upwards. In late June — as prices climbed — Google searches for Bitcoin surged to almost three times higher than searches for Kardashian,” the post reads.

Among the most striking of the key findings that the survey has resulted in is how crypto is shaping some of the country’s biggest economies. The top 10 of these include California, New York, and Washington.

Some participants in the survey have even commented that crypto coins make more sense as investment opportunities compared to stocks and real estate. Other surveys have also reached a similar conclusion, Cointelegraph reports. Knowledge about bitcoin is on the rise in the U.S., with most of the country’s population being aware of it no matter the age group.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,390.80 (-1.15%)
  • Ethereum (ETH) $218.99 (-2.45%)
  • XRP (XRP) $0.317500 (-1.89%)
  • Litecoin (LTC) $96.18 (-4.43%)
  • Bitcoin Cash (BCH) $300.51 (-4.70%)
  • Bitcoin (BTC) $10,390.80 (-1.15%)
Jul 19, 2019 (Friday)
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
Rape and sexual harassment case against bitcoin developer blows up
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
Blockchain firm Algorand joins International Swaps and Derivatives Association
Neo, Ontology partner to develop blockchain interoperability protocol
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
Blockchain interest dropping, DLT in trouble?
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
IRS goes after cryptocurrency users misreporting transactions
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
Anchorage receives charter to open crypto custody shop in South Dakota
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
MOBI launches first vehicle identity standard on blockchain
FATF approves Japan’s plan to establish global network for crypto payments: Report
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.