64 Percent Of Germans Aware Of Bitcoin, Says IT Association Bitkom Survey

February 19, 2018 10:35 pm Published by

CoinTelegraph reports nearly two-thirds of Germans are aware of Bitcoin (BTC), a survey published Feb. 15 by the German Federal Association for Information Technology, Telecommunications and New Media (Bitkom) found. 

In fact, awareness of Bitcoin has doubled since 2016, when 36 percent of Germans were familiar with Bitcoin – and quadrupled since 2013, Bitkom reports.

The survey reveals 4 percent of 1,009 respondents actually own Bitcoin, although 19 percent said they have an idea of how to buy Bitcoin and 72 percent said they have no interest in digital currency, the report said.

Continuing further, the report said, of the 72 percent who say they have no interest in Bitcoin cite the risks from high price volatility and lack of knowledge of Bitcoin’s practical use.

On Monday, Feb. 12, the European Supervisory Authorities warned consumers cryptocurrencies are “highly risky” assets that show “clear signs of a pricing bubble,” the report said.

According to a Jan. 13  survey, the report said, more than 56 percent of Russians have heard of Bitcoin. In August 2017, Charles Xue, a Chinese-American billionaire investor, suggested that the vast majority of people in China, 70-80 percent, have never heard of Bitcoin.

WN.com, Jack Durschlag

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