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75 Percent of Americans Are Familiar with Bitcoin: YouGov Study

  • Alex Dovbnya
    📰 News

    YouGov study shows that 80 percent of Americans have heard about cryptocurrency

75 Percent of Americans Are Familiar with Bitcoin: YouGov Study
Cover image via news.u.today
Contents

According to a recent study conducted by international data analytics company YouGov, cryptocurrency awareness is spreading like wildfire in the US.

Their data shows that at least one cryptocurrency is known by eight out of ten Americans, which would be unfathomable just a few years ago.

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Bitcoin leads the pack

Unsurprisingly, Bitcoin is the most popular cryptocurrency with 75 percent of US adults being aware of its existence. Bitcoin Cash and Ethereum come in second and third places with 24 percent and 17 percent respectively.

Bitcoin, Bitcoin Cash, and Ethereum are the most popular cryptocurrencies with Americans
Image by today.yougov.com

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The US dollar will stay

40 percent of those respondents who are familiar with the concept of crypto are certain that digital assets will see mainstream adoption before 2030.

However, most of the crypto-savvy Americans (56 percent) are not here for Bitcoin replacing the US dollar.

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Millennials drive innovations

Another completely expected revelation is that millennials are the most crypto-friendly demo. For instance, 55 five percent of them believe that crypto will see mainstream acceptance compared to 29 percent of Baby Boomers.

Moreover, millennials are more likely to actually buy cryptocurrencies with 35 percent considering crypto to be a good investment option.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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