Bitcoin is More Popular Than Traditional Banks

[7788bitcoin]

According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.

This is the main problem with all these surveys, they take a small percentage of people who are not having bank accounts and who invested in bitcoin or trading already and if you take a survey from a small group of people without a larger scope of individuals from different sectors you will end up with a huge number of people that are against traditional banks, just like the polls before elections, they randomly choose one team is going to win and then the opposite happens.

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[ChrisPop]

According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.

It is encouraging indeed to see that bitcoin popularity is on the rise. I'd say that as with everything people need a "break-in" period  so they get comfortable to the new technology although the new generations are more responsive to innovations.

In my country banks are trying to come with applications and budget management solutions. However they miss the whole point here - with Bitcoin we don't need to trust anyone with our money and we can have real privacy in our transactions. IMO the best way forward for the banks is to start building the infrastructure for cryptocurrencies - like following the DeFi model.

[The cure]

We can't compare Bitcoin over banks because they are different and they have different uses. I think traditional banks are still more popular than bitcoin. Many people in different parts of the world do not have access to cryptocurrency, maybe in the future it is possible to happen because I know bitcoin has a good future.

[Betwrong]

Bank have old of years and bitcoin just several years ago, how come bank not popular than bitcoin? but will give positive side when bitcoin have been legal payment transaction and become good competitor for bank how to make costumer most interested and funny using bitcoin as saving assets than have use bank to put their money.

Bank exist far more years than bitcoin and if we will based things from how people acknowledge the
usages, bank still supreme than bitcoin.

I'm pro crypto but it is funny to me how we exagge things with crypto, I mean we already reach miles of our timeline, already conquer the initial challenges from the past but it come to the point that we are pushing it too much, aggressive approach if I could describe. Banks and Bitcoin? at first it was just a simple stuff to compare,we already know the differences between these two and we already know that bitcoin could not stand up with banks. We already know it yet we keep asking. Bitcoin has a different path, that's what I believe.

I agree with you. It's not Bitcoin's aim to replace banks. Rather, its aim is to become a world-accepted currency, and BTC is doing good on the way to that. But even when Bitcoin becomes number one currency in the world, it won't be "more popular" than banks. Is USD more popular than banks currently? No.

[NASdaq]

5000 readers of crypto media means nothing. Banks will be more popular for years

[Swordsoffreedom]

Bank have old of years and bitcoin just several years ago, how come bank not popular than bitcoin? but will give positive side when bitcoin have been legal payment transaction and become good competitor for bank how to make costumer most interested and funny using bitcoin as saving assets than have use bank to put their money.

Bank exist far more years than bitcoin and if we will based things from how people acknowledge the
usages, bank still supreme than bitcoin.

I'm pro crypto but it is funny to me how we exagge things with crypto, I mean we already reach miles of our timeline, already conquer the initial challenges from the past but it come to the point that we are pushing it too much, aggressive approach if I could describe. Banks and Bitcoin? at first it was just a simple stuff to compare,we already know the differences between these two and we already know that bitcoin could not stand up with banks. We already know it yet we keep asking. Bitcoin has a different path, that's what I believe.

I agree with you. It's not Bitcoin's aim to replace banks. Rather, its aim is to become a world-accepted currency, and BTC is doing good on the way to that. But even when Bitcoin becomes number one currency in the world, it won't be "more popular" than banks. Is USD more popular than banks currently? No.

I think Bitcoin and banking system is totally different things. we use Bitcoin as an investment. there are many people who investing in Bitcoin and earn money from it. It seems like a part-time job. but what about bank? we cannot invest on bank. though bank give us some profit if we put money at bank. but that is very limited. people put their money on bank because of safety issue and instant use. on the other hand, storing BTC on a hardware wallet is much more secured and profitable than Bank. so that I think this two are different.

[ene1980]

So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.

We are not looking for popularity contest but real application, if bitcoin could scale then it will be more popular and mode of transaction than any other method and hopefully we will reach that point in the future.

I think Bitcoin and banking system is totally different things. we use Bitcoin as an investment. there are many people who investing in Bitcoin and earn money from it. It seems like a part-time job. but what about bank? we cannot invest on bank. though bank give us some profit if we put money at bank. but that is very limited. people put their money on bank because of safety issue and instant use. on the other hand, storing BTC on a hardware wallet is much more secured and profitable than Bank. so that I think this two are different.

There are major difference but similarities are bigger, bitcoin is not primarly an investment but a payment network for transaction and Satoshi had the vision to make it as a decentralized platform without any governing body. If you take bank, you can deposit money and earn interest and if it is listed in the stock exchange and if the bank is performing well then you might invest in them to earn money. I am expecting a world where the banking sector and the cryptocurrency sector coexist.

[Zionatin]

Almost 4k participants doesn't mean very much. There are so many bitcoin supporters there because they went out of their way to vote. It's a targetted survey. If you had to stop and ask random people at malls or at traffic lights they would mostly say banks. It will still be some time before crypto rivals the banking system for your common person/user. Crypto is still a niche but is being used more and more by regular sites as alternative payment methods. Crypto withdraws work very well for countries where having a bank account can be problematic or is not compatible. For example, not every bank is compatible with PayPal but crypto can be used by anyone with internet access.

[coupable]

In the future, I am sure that bitcoin will be more popular than traditional banks, but for now, certainly traditional banks more popular.
Because traditional banks are still used by most of the world's population, especially the government strongly supports traditional banks.
So it is very difficult for bitcoin if now it wants to beat the popularity of traditional banks.

This is true that at the moment, traditional banks still is standing above bitcoin. Users of bitcoin are increasing no doubt but the total population using banks is still far higher. Although not many like the banking system because of control but they still have no choice at the current time.

Well, this is also a reason. I would like to point out an additional note.
We can't deny the fact that Bitcoin is not that friendy for popular use. It's still risky for mst people to take responsability for their own money, as Banks avoid this risk fact. At the same time, many actual users of bitcoin, cryptocurrency in general, know less to nothing about the bitcoin protocole and can't wisely handle how they should use it. Not to mention those who beleive that using thus new technology requires the knowledge of the code behind and that it's only dedicated to devs.
I think we still need more time to develop more tools that help people adopt Bitcoin in a considerable large scale .