A study published on February 15th by the German Federal Association for Information Technology, Telecommunications and the New Media (Bitkom), revealed that just over two-thirds The Germans know Bitcoin (BTC).
The popularity of the most popular cryptocurrency has doubled since 2016, when 36% of German citizens knew Bitcoin and quadrupled since 2013, reports Bitkom.
According to this year’s survey, 4% of 1,009 respondents actually own Bitcoin, 19% say they have an idea of how to buy Bitcoin and 72% say they do not have an interest for digital currency.
On the Economic Significance of Cryptocurrencies and Blockchain, Bitkom CEO Bernhard Rohleder stated:
“Bitcoin and other cryptocurrencies are a good example of how l & # 39; The digital age is capable of changing the financial world.This is not so much the individual currency as the underlying blockchain technology. “
As indicated by the 39 Bitkom study, the two main reasons given by the 72% of Germans who are not interested in Bitcoin are the risks associated with high price volatility and lack of knowledge of the use
On Monday, 12 February, European supervisors warned consumers that cryptocurrencies are “highly risky” assets that show “obvious signs of a price bubble.”
knowledge of cryptocurrency e It is high in Germany compared to other countries. According to a poll on January 13, more than 56% of Russians have heard of Bitcoin. In August 2017, Charles Xue, a billion-dollar Sino-US investor, suggested that the vast majority of people in China, 70-80%, had never heard of Bitcoin.