[2018-02-18] 64% OF GERMANS AWARE OF BITCOIN

[CryptoBry]

A survey published Feb. 15 by the German Federal Association for Information Technology, Telecommunications and New Media (Bitkom), found that just over two thirds of Germans are aware of Bitcoin (BTC).

Awareness of the most popular cryptocurrency has doubled since 2016, when 36 percent of German citizens were familiar with Bitcoin, and quadrupled since 2013, Bitkom reports.

According to this year’s survey, 4 percent of the 1,009 respondents actually own Bitcoin, 19 percent said that they have an idea of how to buy Bitcoin, and 72 percent stated they had no interest in the digital currency.

Source is here.

There is now a critical mass of interest for Bitocin in Germany. Soon, this is going to spread into more people. Recently, I have seen some ICOs (and most of them are good projects) coming from Germany. The German government is now studying on how to treat Bitcoin and ICOs so we should be expecting some clarity in its regulatory framework. In just a matter of some weeks, we are slowly getting away from the gloomy FUDs to many good news in the Bitcoin frontier. I always love to read and hear stories like this.

[laurenB7742]

Thanks for sharing results of this survey. I know Germany as one of the most developed countries in the world and probably the most developed in Europe. So I expected even more than 64% of people to have heard about Bitcoin. They probably didn't include children under 18 (I imagine that children aged 6 or 10 don't talk to each other about bitcoin) so who are the 36% who are not aware of Bitcoin? Probably the elderly and some college girls who think only about fashion and boys (not trying to be sexist here).

Other interesting fact is that only 4 percent own bitcoin. This shows how much more potential there is. I remember a study that said that bitcoin price rises exponentially with number of users. So let's say that number goes from 4 to 8 percent in 2018 or 2019, this would mean that bitcoin price will increase not 2 times but 4 times (to $40 000+). I think this is quite realistic scenario, both the price and percentage of people owning bitcoin.

[squatter]

Who are the other 36% that are living under a rock? Maybe things are different in Germany.

Here in the US, mainstream media has been hyping Bitcoin (and other coins) for the better part of a year. Example: Ellen DeGeneres has one of the highest-rated daytime shows and she just did a segment on Bitcoin a few days ago.

[Neelix]

This truly is some good development. Still, i think there is much room to grow.

Sadly, Germany isn't really developped when it comes to digitalization, we are far behind other countries. Additionally, all the bureaucracy here will slow down the process of implementing and regulating cryptocurrencies. At least people get aware of the whole economy right now.

[Mikhail 777]

Of course they know, maybe they know more, just do not talk) with such a rapid growth of the market, soon everyone will know what bitcoin is and what is crypto-currencies. I am going to use crypto currency in the near future.

[aso118]

Being aware of Bitcoin is one thing, knowing it inside out and deciding to own bitcoins is another. A lot of people may say they are aware of bitcoins, but may have big conceptions. It is surprising that in 2016 more than 36% said they were aware of bitcoins. I would have thought most of them would have found out about bitcoins during the recent rally.

[SGMPhil]

Here in the U.S. I find it a bit surprising how many people that I run across that are not just aware of Bitcoin, but involved in it in one way or another.

[1Referee]

Who are the other 36% that are living under a rock? Maybe things are different in Germany.

Here in the US, mainstream media has been hyping Bitcoin (and other coins) for the better part of a year.

Europe is more conservative when it comes to covering any sort of bullish news concerning Bitcoin, that I have definitely noticed throughout the years. I am from Europe myself, and have actually been wondering why there isn't all that much crypto related news coverage, aside from the occasional bubble and crash talk. Admittedly, during the previous $20,000 rally Bitcoin coverage has peaked as well, but it's now very quiet in mainstream media land, and will likely remain so until another crazy bull run gets initiated. I would almost think that the media sources are on purposely not hyping up everything, but that's just speculation. It might also be a mentality aspect that's completely different from the media standards in the US.

[Harlot]

That is a good news but awareness doesn't translate to demand and most often surveys like this with little samples tend to be inaccurate and the inaccuracy tends to be stronger when the survey is only done in one location. And the survey has proven something that even though Germans are aware of it 72% of the people don't have any interest in owning a cryptocurrency. For me this is more important as usage translates to demand. But we should not worry about it as it will come naturally as Bitcoin will grow.

[KennyR]

That's a great news from Germany, leader to the automation happening around the world. Germany haven't made big regulation on the use of bitcoin, as well it hasn't promoted bitcoin through any sources. This shows the neutral stand of Germany on bitcoin which is required for advancement and growth.

[Jating]

That's a great news from Germany, leader to the automation happening around the world. Germany haven't made big regulation on the use of bitcoin, as well it hasn't promoted bitcoin through any sources. This shows the neutral stand of Germany on bitcoin which is required for advancement and growth.

I'm sorry to tell you that you are wrong. Please read here:

http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/

They are not in neutral grounds but wants a complete hammer ban on everything related to cryptos. They are pursuing in the G20 summit next month a joint proposal on regulating bitcoins.

That's why they really wanted to cut the heads while it is still early because Germany is one country that bitcoin and crypto will suddenly explode. The government wants to control it at the very beginning to not cause any harm on their economics, well that's according to them.

[vit05]

 It would be interesting to have statistics like that from more countries. I think that besides knowing how many invest, knowing how many have any idea that Bitcoin exists would show a receptivity of the country for this new technology. Most people know about the stock market, but a very small percentage invests in it at global levels. Eventually, more people will be able to choose to leave their money yielding on stocks or options that will be offered in this new cryptocurrency market.