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Alternative Market Briefing

Only 5.3% of UK citizens own Bitcoin, says a survey

Thursday, October 31, 2019

Laxman Pai, Opalesque Asia:

More than 20 percent of Britons have never heard about the top crypto and the overwhelming majority of UK citizens do not want to touch Bitcoin, said a survey.

According to a new Crypto Radar survey, 67.5%. of UK respondents indicated that they neither owned nor planned on buying any Bitcoin.

The Bitcoin Ownership Survey of 2,500 UK citizens between the ages of 18 and 65+ revealed that 5.3% of UK citizens own Bitcoin, while 6.8% are planning to buy some.

Compellingly, when demographic filters were applied to the results focusing on individuals 65+, the percentage skyrocketed to 76.2%. It further increased to 77.9% amongst males of retirement age.

The next most popular response among UK respondents was 20.3% who had never heard of Bitcoin. Interestingly, when demographic filters were applied to the results specifically targeting males between 25 to 34-years-old, the percentage soared to an astounding 25.5%.

Seeing that in 2019, the fact that over a quarter of British males Young Professionals surveyed, not to mention the full 20.3% of all UK respondents were unaware of Bitcoin, ought to give the crypto community pause.

Of the UK respondents, 6.8% indicated that they did not own any Bitcoin, but were planning to buy some. Yet, when demographic filters were applied to the survey results factoring younger British investors between 35 to 44-years-old, the percentage rose to 8.9% and increased even further amongst males of th......................

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