Study shows majority of U.S. consumers ‘unlikely’ to purchase and use bitcoin

[jubalix]

this if true is awsome news, it means there is huge room for BTC to grow

[Possum577]

I think this is OK. Adoption can be slow from the general public, there's a strong enough community now to keep it going and allow the general public to join as they want to. It also gives us more time to accumulate some more BTC, right?

[green king]

translation: study shows majority of US consumers doesnt know how fiat really works.

aha, they don't know how fiat works, but they are still using it, that's funny.

[darthcoin]

Lol, imagine how ridiculous it would sound in 1995 if someone wrote "majority of U.S. consumers 'unlikely' to use email". The validity of that study would be ridiculed for years. There is no other way to compare it.

[Dawnbreaker]

The US is probably not the market most likely to widely adopt bitcoin first. Other places like Cyprus, Argentina, Ecuador, Portugal, Spain, will likely see the value of it before the US.

[bornil267645]

this just a mere reflection of recent drop. but the bigger picture still remains same, bitcoin rules

[Pingu]

Lol of course they are currently unlikely to purchase or use bitcoin. I'm sure people would have said the same thing about using the internet a few years after it was invented. Take this poll in a few years and we'll see the difference.

[proofofarat]

Study: Majority of people 'unlikely' to invest in something they don't understand.
Study: Majority of people 'unlikely' to understand bitcoin.
Study: Majority of people 'unlikely' to ever understand economics.
Study: Majority of people 'unlikely' to use dollars after Dollar collapse.
Study: Majority of people 'unlikely' to want another national fiat system once they begin using crypto currency.

[RappingSniper]

"According to a study conducted by Massachusetts Division of Banks (MDB) in conjunction with the Conference of State Bank Supervisors (CSBS)....."

haters gonna hate.....

[abercrombie]

Article seems bullish, better than I would have expected.   At this point in time I thought a poll would result in 5% at best willing to make an effort at Crypto but 18% exceeds my expectations.   

Did you know a poll in the late 90's found most would not trust online banking using that Interweb fad thingy?  Now most bank tellers have lost their jobs in favor of electronics and the web.

[wasserman99]

The US is probably not the market most likely to widely adopt bitcoin first. Other places like Cyprus, Argentina, Ecuador, Portugal, Spain, will likely see the value of it before the US.

The US is also not the market that bitcoin would work best with. The US dollar is very stable and generally safe to use and hold. The currencies of the above countries are much less stable and are subject to higher levels of inflation and potentially major shocks during types of crisis. I would expect, over time that overall bitcoin usage in the US will be much less then in other third world and less economically advanced countries

[FloodZone]

Bitcoin costs me 1% to use and gives me no consumer protection.
Credit cards give me 1% back on most purchases and protects me from fraud (and my own clumsiness too).
I like bitcion but I'm no fanatic. So I am one of the majority that will not regularly spend bitcoin. For now.

[The Beef]

If this study will be carried out abroad, same result will happen.

[naztykoyn]

That is 100% correct.. Specially the older people. One must educate the young minds right now for them to a bitcoin cosumer in the future.http://

[King Agamemnon]

Because people all over the world doesnt know anything about bitcoin.

[philiveyjr]

Because people all over the world doesnt know anything about bitcoin.

Yeah true..There r lots of asian n african countries that dont know BTC exists! once the word spreads it is going to be awesome!