Euro Poll: Cryptocurrencies Will Still Be Around In Ten Years Time

Euro poll conducted by bitFlyer Europe shows that most of the Europeans believe that cryptocurrencies are here to stay. However, the data that reached our latest cryptocurrency news shows that about 55 percent believe that Bitcoin will be overtaken by other cryptocurrencies.

The Euro poll surveyed about 10,000 individuals in ten European countries and it showed that only 55 percent of the participants believe that bitcoin will still be around. Most of them are less confident about bitcoin and believe that other cryptocurrencies will have a brighter future.

It seems that the sharp bear market has destroyed the consumer’s confidence in digital assets. During the crypto winter, the market shed off about $700 billion in market cap. This is one of the reasons why the Euro poll participants remain skeptic about the success of cryptocurrencies.

For example, people living in Norway were most optimistic according to the Euro poll data where nearly 73 percent of the participants expressed their confidence that cryptocurrencies will still exist in the next ten years. Eve France, as the least optimistic crypto nation, reported that the majority of the people believe that crypto will be here.

When announcing the Euro Poll results, the bitFlyer COO stated:

 “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.”

The most surprising outcome of the Euro Poll survey is that consumers are losing their confidence in Bitcoin. About 50 percent of the respondents believe that Bitcoin will still exist in the next ten years but about 63 percent don’t share the same opinion. This could be a result of the negative press including the reports on exchange hacks and investment losses. Of course, the number one cryptocurrency is always to one to be hit the hardest.

The Euro Poll confirms that cryptocurrencies are here to stay in the next ten years. One crypto hedge fund founder wants to bet his house on it. Also, as previously reported in our altcoin news, Anthony Pompliano is willing to stake $1 million bet that crypto will outperform the S&P 500.