According to a recent survey, there are a lot of Europeans that think cryptocurrencies will still be around in ten years time. Data recorded by bitFlyer Europe is a regulated crypto exchange which polled 10,000 individuals in ten European countries, revealed that just over 60 percent believe in staying power of digital currencies.
Even so, Europeans aren’t as confident about Bitcoin. Whereas around 63 percent believe that over the course of the next decade, cryptocurrencies will still come out bright on the other side, there is only 55 percent that sees Bitcoin still in the scene.
Where will we be in a decade
Despite the dreading bear market, consumer confidence in digital assets hasn’t been shaken. Even though the bear market has knocked off $700 billion in market capitalisation, the average guy will still be positive about the crypto market.
Respondents in Norway were very optimistic with 73 percent confidence that cryptocurrencies will still exist in ten years. Even France, who was the least optimistic country, still came out with a 55 percent majority support for crypto.
In regards to the results, the bitFlyer COO said:
“These results indicate that the reputation of cryptocurrency has moved beyond hype and become more established. It’s very easy to forget just how new cryptocurrencies still are; we’ve only just celebrated bitcoin’s 10th birthday, so for the majority of consumers to believe in crypto’s future is without a doubt an achievement.”
What was very surprising about the survey was that its consumers don’t have that confidence factor that crypto so desperately needs. Less than fifty percent of the respondents to the survey think that Bitcoin will even be a thing in ten years.