64% Of Germans Aware Of Bitcoin, Says IT Association Bitkom

A survey printed Gregorian calendar month. fifteen by the German Federal Association for data Technology, Telecommunications and New Media (Bitkom), found that simply over 2 thirds of Germans area unit conscious of Bitcoin (BTC).

Awareness of the foremost standard cryptocurrency has doubled since 2016, once thirty six % of German voters were acquainted with Bitcoin, and quadrupled since 2013, Bitkom reports.

According to this year’s survey, four % of the one,009 respondents truly own Bitcoin, nineteen % aforementioned that they need a concept of the way to obtain Bitcoin, and seventy two % expressed they'd no interest within the digital currency.

On the economic significance of cryptocurrencies and Blockchain, Bitkom chief operating officer Bernhard Rohleder stated:

"Bitcoin and different cryptocurrencies area unit an honest example of however the digital age is ready to vary the money world. this can be not such a lot regarding the individual currency itself because it is regarding the underlying blockchain technology. it'll have a bearing on the entire economy.”

As according by Bitkom’s survey, the 2 main reasons cited by the seventy two % of Germans WHO don't have any interest in Bitcoin area unit risks from high worth volatility and lack of data of Bitcoin’s sensible use.

On Monday, Feb. 12, the ecu superior Authorities warned shoppers that cryptocurrencies area unit “highly risky” assets that show “clear signs of a rating bubble”.

Awareness of cryptocurrencies is high in FRG compared to another countries. in line with a January. 13 survey, over fifty six % of Russians have detected of Bitcoin. In August 2017, Charles Xue, a Chinese-American rich person capitalist, advised that the overwhelming majority of individuals in China, 70-80 %, have not detected of Bitcoin.