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93% of Brits Have Heard of Bitcoin, but Only 4% Have Bought It, Survey Shows

The vast majority of British people - 93 percent - have heard of
Bitcoin ( BTC ), but only 4 percent claim to have bought it, according
to a recent poll by UK market research company YouGov published Nov.
7.
According to the survey, conducted this month, nine out of ten Brits
have heard of Bitcoin, however, they report not understanding it. Only
4 percent of those surveyed claimed they understand Bitcoin “very
well,” while 23 percent state they know it “fairly well,” with men
almost three times as likely as women to say so (33 percent against 12
percent). Younger Brits prevail among those who claimed to understand
Bitcoin, the report states.
In terms of actual investments in Bitcoin, younger citizens are also
in first place. One in eleven (9 percent) of British 18 to 24 year
olds have purchased Bitcoin, in comparison to one in a hundred (1
percent) for people over 55. However, overall, only 4 percent of
respondents have purchased Bitcoin, with the gender break down
significantly more male – 6 percent of men, compared to 1 percent of
women surveyed.
Additionally, a significant number of young people, 36 percent of
those surveyed in the 18 to 24 year old range, claim they personally
know someone who has bought Bitcoin before.
Source: yougov.com
The German Consumer Centers of two federal states, Hesse and
Saxony, have recently conducted a similar survey. Out of 1,000 Germans
between the ages of 18 and 39 polled, 55 percent claimed they have
heard of cryptocurrencies before. Further, 28 percent of respondents
from 18 to 29 found purchasing cryptocurrencies to be “conceivable.”

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