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
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Anton Lucian
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
Raised in the U.S, Lucian graduated with a BA in economic history. An accomplished freelance journalist, he specializes in writing about the cryptocurrency space and the digital '4th industrial revolution' we find ourselves in.
READ FULL BIO
Sponsored
Sponsored