Bitcoin

In the midst of the Covid 19 crisis, the Spaniards increasingly trust cryptocurrencies

Taking into account some recent surveys, one could say that Spaniards and citizens of other countries in Europe increasingly trust cryptocurrencies. This has been reported by Diario Critico’s economic department.

According to an article published by this medium, the Spanish economy could have negative consequences due to the impact of the COVID-19 pandemic. However, some studies show that this has not prevented the Spaniards from relying more and more on cryptocurrencies.

“A survey published by BitFlyer Europe showed that 68% of Spaniards are confident that the cryptocurrency will remain in the next ten years. This percentage is 2% higher than last year, according to the study called “Crypto Confidence Index”, which has been carried out on 1,000 people for each country surveyed since 2019, “the publication says.

In the midst of the Covid 19 crisis, the Spaniards increasingly trust cryptocurrencies
In the midst of the Covid 19 crisis, the Spaniards increasingly trust cryptocurrencies

“The countries examined were Germany, Belgium, Denmark, Spain, France, Italy, Norway, the Netherlands, Poland and the United Kingdom. The results showed that 1 in 9 people in Europe think Bitcoin is an integrated currency in society, “they added later.

In addition, they emphasized that of all countries analyzed, Italy is the most trusted country in cryptocurrencies, with 72% in 2020 and 68% in 2019. Poland and the Netherlands follow in second place on the list. Spain is third. “This number is consistent with the results of another study published by the Center for Change Management at IE University of Spain (CGC) in February 2020,” the article emphasized. There it was also stated: “The CGC stated that an estimated 7.5 million people in Spain have cryptocurrencies, which corresponds to 16% of the population, calculated at that time with 46.9 million inhabitants. He also stated that 81.7% of citizens already know what cryptocurrencies are. “

The survey also found that 60% of people who own Bitcoin and other cryptocurrencies in Spain bought them to invest and make profits. In addition, 12.8% said they used it as the payment method for their purchases, and 27.2% used it for both.

“49% of Spanish cryptocurrency owners said they would trust a cryptocurrency that was well designed, efficient, and of stable value, regardless of whether it was issued by a private company,” the article said.

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