Does the average person have less faith in Bitcoin compared to last year? According to a recent report by ING, one of the largest banks in the world, this seems to be the case.
Europe seems to be growing more skeptical of Bitcoin and other cryptocurrencies lately. Some countries bucked the trend, but overall the new survey claims that most seem to have less faith in Bitcoin than they did a year ago. There is some evidence, however, that dispute these results.
Bitcoin Sentiment on the Decline?
The survey seems to indicate that many European countries have experienced a decline in Bitcoin-related sentiment. The primary question asked was whether respondees were feeling positive about the development and adoption of Bitcoin going forward. The results were as follows:- Austria (13%)
- Luxemburg (15%)
- Netherlands (15%)
- Belgium (16%)
- Germany (20%)
- Britain (24%)
- Italy (28%)
- Poland (43%)
- Romania (44%)
- Turkey (62%)
ING’s Survey Backfires
Being an established multinational financial institution, ING undoubtedly feels threatened by the rise of Bitcoin and other cryptocurrencies. For example, the bank claimed in June that bullish cryptocurrencies were negatively impacting the U.S. dollar. Despite the report claiming declining trust in Bitcoin, it still paints some strong numbers overall. The fact that 20% in Germany have outwardly positive sentiments towards Bitcoin is newsworthy in and of itself. Overall, the survey does little to dampen the growing trend of acceptance regarding cryptocurrencies despite its intentions. Do you think the ING survey can be trusted? What do these numbers tell us about Bitcoin? Let us know your thoughts in the comments down below. If you would like to trade Bitcoin against Tether with a multiplier of up to 100x, do so on the exchange with the lowest fees — StormGain!Disclaimer
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Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
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