The crypto market ends the week at the same crossroads it started.
The result of the battle for dominance conditions the market as a whole. It is only when the critical levels show their reliability that we will have more visibility in the short and medium term.
The tranquility of the market allows us to focus on a fantastic study by Tokenist Media LLC titled “Compare Bitcoin's public adoption rates in 2020 versus 2017”.
The study takes as reference several studies carried out in 2017 with different age groups on their perception of Bitcoin as a store of long-term value.
Study results are spectacular, with substantial increases in positive Bitcoin perception in all age groups.
To conduct this study, The Tokenist completed 4,582 completed questionnaires, among participants from 17 countries and in an age group of 18 to 65 years. The questionnaires have conducted in two cycles separated by several months between the first and second cycles.
The results obtained leave no doubt that Bitcoin has achieved a privileged status as a store of value, equaling and even beating more traditional options such as gold, stocks or bonds.
Here are some of the most relevant data:
A: When comparing Bitcoin to other forms of financial assets, do you prefer $ 1,000 of Bitcoin or $ 1,000 of ...?
Source: The Tokenist
"More than 45% of respondents would prefer to hold Bitcoin compared to stocks, real estate and gold, an increase of 13% compared to the reference of 2017. Although confidence in the BTC has slightly decreased in the 65 and over age group, the confidence of millennials has increased considerably against three categories of assets: government bonds, real estate and gold. "
A: How well do you know Bitcoin ?
Source: The Tokenist
"Our data shows that familiarity with Bitcoin has increased significantly since 2017. 36% of all respondents are now somewhat familiar with BTC and 6% of all respondents own it.
There are two dramatic changes visible in this data. One is for millennials, who are now 20% more likely to be very familiar with BTC and 7% more likely to own it. The most striking result, however, is the 51% increase in the number of people over 65 who are now aware of BTC . “
A: If you had to choose which of the following is more reliable?
Source: The Tokenist
" 47% of respondents trust Bitcoin compared to big banks, an increase of 29% in the last three years.
Both men and women surveyed show increased confidence in BTC , with 17% more likely to trust Bitcoin years ago, but the confidence that women place in the currency is part of a more basic low. "
A: How likely are you to buy Bitcoin in the next 5 years?
Source: The Tokenist
"In 2020, 44% of millennials say they are likely to buy BTC in the next five years.
Millennials, on the other hand, are much more likely to do so, with one in three now planning to invest in BTC in the short term. "
A: To what extent do you agree or disagree with the following statement: “ Bitcoin is a bubble (for example the real estate bubble of 2007, the Internet bubble of the 90s)”?
Source: The Tokenist
"The number of respondents who see the value of Bitcoin as a 'bubble' has also decreased significantly in the past three years. Just under a quarter of millennials think Bitcoin is a bubble, even if exactly 50% of people over 65 think so.
In 2017, Millennial women were particularly skeptical about the long-term stability of BTC , with nine in ten of this group believing it was a bubble, or that they did not have enough information to find out. "
I think it's imperative to note the increased positive perception of Bitcoin by the millennial segment.
Long live Bitcoin !
