A recent survey conducted by HSBC polling 13 developed nations indicates that the majority of citizens still have not heard of blockchain technology, with only 41% of respondents indicating familiarity with the technology underpinning bitcoin.
HSBC’s Report Adds to a Growing List of Surveys That Indicate Bitcoin and Blockchain Technology Is Still in Its Early Years of Development
A recent survey conducted by HSBC showed that 59% of consumers had not heard of blockchain technology. Of the 41% of respondents who were familiar with the technology underpinning bitcoin, 80% stated that they did not understand how blockchain technology operates.
The survey polled 2,000 HSBC customers from the United Kingdom, in addition to 1,000 participants from Canada, China, France, Germany, Hong Kong, India, Mexico, Singapore, the United Arab Emirates and the United States respectively.
HSBC’s report adds to a growing list of surveys that indicate bitcoin and blockchain technology is still in its early years of development, with early-majority adoption still yet to be seen.
A survey conducted by Cambridge University this year determined the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 and 5.8 million. Despite representing just 0.04 – 0.05% of the global population, this data indicates that the bitcoin userbase has at least doubled in just two years. With such a tiny percentage of citizens actively engaged in the bitcoin community, 40% of citizens being aware of blockchain technology evidences the enormous growth potential of cryptocurrency.
https://news.bitcoin.com/hsbc-survey-suggests-bitcoin-still-has-enormous-growth-potential/
