Elastos Releases BIT Index: Tech-Savvy Consumers' Selection on Crypto Aware Leaders as Bitcoin Goes Mainstream
16 Julio 2024 - 5:41PM
Elastos, the SmartWeb ecosystem provider, has published the latest
findings of the BIT (Bitcoin, Innovation & Trust) Index,
revealing which global leaders are considered more crypto-ready and
how many consumers expect Bitcoin to become the default currency.
About the BIT Index by Elastos
Elastos' BIT Index is a survey of over 1,400
self-defined "tech-savvy" respondents from 7 countries, aimed at
better understanding of the perception and real-world use of
Bitcoin, together with users' expectations and motivations around
BTC.
BIT Findings: political leaders and crypto
awareness
A growing share of tech-savvy users appreciate
the role of individual global leaders (as opposed to financial
regulators, for example) in the spread of blockchain technology and
cryptocurrency adoption. Therefore, quite a few questions on the
BIT Index survey focused on which leaders the respondents
considered the most "crypto-aware" and "crypto-ready".
Among the US survey participants, 50% of
tech-savvy consumers believe that Donald Trump has the strongest
understanding of the workings and benefits of Bitcoin, while 42%
also believe that he is more likely to spread the use and benefits
of using Bitcoin compared to other presidential candidates. Among
the 18 – 24 year olds, however, only 37% share this belief,
compared to 45% among the 35 – 44 year olds.
Interestingly, outside of the US, Nigerian
respondents (59%), followed by the UK (56%) and Germany (54%) also
believe Trump is the most 'crypto ready' compared to only 42% in
India.
Jonathan Hargreaves, Global Head of Business
Development & ESG, Elastos, comments:
"We must remember to see the results through a
global lens, as a sign of the global role that US leaders can play
as prospective policy makers in the space - but also as a sign of
the growing need for concerted policy action across regions. We
refer to this idea as the New Bretton Woods, where the use of
crypto can supplement the role of Gold in adding liquidity to
global markets."
BRIC nations and the Global South Moving
Quicker to Embrace Bitcoin
The BIT study has found a clear difference
between traditional Western advanced economies and BRICS and Global
South nations in their embrace and use of Bitcoin.
- The countries where users are most willing to use Bitcoin to
store savings are the United Arab Emirates (51%), India (58%) and
Nigeria (58%). Consumers are more reluctant to do so in South Korea
(38%), US (41%) and Germany (45%), while the global average is
47%.
- 24% of tech-savvy Indian consumers and 26% of UAE respondents
use Bitcoin every day as their currency of choice compared to the
global average of 18% while only 11% of Germans, 13% of UK
respondents, 14% of South Koreans and 15% of US tech-savvy
consumers are prepared to do the same.
- In both the UAE and Brazil, 49% of respondents believe that
Bitcoin will go mainstream in less than four years, compared to 22%
in Germany, 25% in South Korea and 36% in the UK.
- 91% of Nigerians and 90% of Indians see a time when Bitcoin
could become a type of 'default' currency compared to only 70% in
Germany and 73% in the UK and South Korea, and 75% in the US.
About Elastos
Elastos integrates blockchain technology with a
suite of reimagined platform components to produce a modern
Internet infrastructure that provides intrinsic protection for
privacy and digital asset ownership. The mission is to build
accessible, open-source services for the world, so developers can
build an internet where individuals own and control their data.
The Elastos SmartWeb platform enables
organisations to recalibrate how the Internet works for them to
better control their own data.
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SOURCE: Elastos