Survey Says Only 5 Percent of People Own Bitcoin

Global Blockchain Business Council and Survey Monkey teamed for an appraisal of American attitudes toward the world’s most popular cryptocurrency, bitcoin, our friends at Bitcoin News report.  5,761 adults were polled.

The results: 60% of those surveyed have heard of Bitcoin and only 5% own.

Survey Monkey, one of the partners, selects “from the nearly 3 million people who take surveys on the Survey Monkey platform each day,” their methodology website tab explains. “Data have been weighted for age, race, sex, education, and geography using the Census Bureau’s American Community Survey to reflect the demographic composition of the United States. The modeled error estimate for this survey is plus or minus 2 percentage points.”

The last survey, taken in 2013, showed that only a quarter of the population was familiar with Bitcoin.

Another perhaps surprising result of the survey: Less than 20% trust their government more than the Bitcoin network (almost a quarter).

- Aaron Goldstein, Gambling911.com