A recent survey conducted by blockchain software firm Consensys has revealed that cryptocurrency has achieved widespread global awareness. The survey, which included 15,158 respondents aged between 18 to 65 years from 15 different countries, found that over 90% of participants have basic knowledge of crypto.
Citizens from Argentina, Brazil, France, Germany, India, Indonesia, Japan, Mexico, Nigeria, South Africa, South Korea, the Philippines, the United Kingdom, the United States, and Vietnam participated in the survey. The results showed that more than a third of the respondents believe that crypto has the potential to be the “future of money.”
When asked about the main concepts associated with cryptocurrency, 37% of those familiar with the industry expressed beliefs in its potential as the future of money, while 31% saw it as the future of digital ownership. These beliefs surpassed associations with speculation (25%) or scams (26%). Interestingly, Nigeria had the highest percentage of respondents who believe crypto is the future of money, with 58% of Nigerians associating cryptocurrencies with this concept. South Africa and Mexico followed closely behind with 50% and 44% respectively, while only 15% of Brits and 17% of Germans had the same belief.
The survey also highlighted that over half of the respondents expressed a desire for more ownership of the products they create on the internet. Fifty percent of respondents believe they add value to the internet, while 67% stated that they should own the things they create online. Additionally, 70% believe they should have a share of the profits made from their data by companies. However, only 38% of respondents believe they are adequately compensated for the value and creativity they bring to the internet.
Data privacy was also a significant concern for the majority of respondents, with 83% stating that it is important to them. Furthermore, 79% expressed a desire to have more control over their identity on the internet.
This survey reflects the growing awareness and acceptance of cryptocurrency as a potential disruptor in the financial industry. More and more people are recognizing the potential of crypto as the future of money, with countries like Nigeria leading the way in embracing this concept. As the world becomes increasingly digital, individuals are also demanding more control and ownership of their online presence and the products they create. This aligns with the principles of decentralization and digital ownership that blockchain technology and cryptocurrencies offer.
The results of this survey should be seen as a positive development for the cryptocurrency industry, as it indicates that crypto is gaining mainstream acceptance and recognition. As more people become aware of its benefits and potential applications, we can expect to see further adoption and growth in the crypto market.
However, it is important to note that this survey represents the opinions and beliefs of a specific group of respondents and may not be reflective of the entire global population. Nonetheless, it provides valuable insights into the current sentiments surrounding cryptocurrency and its potential future.
In conclusion, the Consensys survey highlights the widespread awareness of cryptocurrency and its potential as the future of money. The results demonstrate a growing belief in the value and ownership of digital assets, as well as the importance of data privacy and control over one’s online identity. While this survey provides encouraging signs for the crypto industry, it is essential to continue monitoring and studying the market to understand its evolving dynamics and potential challenges.
