Market research organization The Tokenist recently released a report called "Comparing Public Bitcoin Adoption Rates in 2020 vs 2017". The results of the study provide a comprehensive overview of the cryptocurrency ecosystem between 2017 and now. Research by researchers shows that since the post-Covid-19 economy took hold, confidence in bitcoin has increased by 29% in the past three years.

Faith in traditional banks and disappearing financial operators

A recent study published by the crypto think tank, The Tokenist, says there is growing confidence in bitcoin compared to traditional investments such as gold, stocks and real estate. The market researchers have exploited a survey conducted in April 2020 (5421 participants in 24 countries) and have also collected several surveys of 2017. The Tokenist used these surveys to see how attitudes and perceptions have changed since the price fluctuations and the impact of Covid-19.

"Confidence in large financial institutions has steadily declined for more than a decade and the COVID-19 pandemic has only accelerated this process," said the report. "The Bitcoin itself developed in the years that have followed the stock market crash of 2008 as an alternative to traditional assets, should be one of the main beneficiaries of this trend."

47% of survey respondents trust Bitcoin compared to big banks

The Tokenist also took advantage of surveys from the company's mailing list and one that saw 4,852 participants in 17 countries. According to the study results, researchers from The Tokenist have discovered that there is a tendency for individuals with "a positive feeling about the   BTC   as a long term store of value."

The findings note that over 45% of respondents have preferred the Bitcoin rather than equities, real estate and gold, and "61% of all respondents (and 78% of milléniaux) now experiencing somewhat the BTC and 14% of millennials own it. the asset. ”The report continues:

47% of respondents trust Bitcoin compared to large banks, an increase of 29% in the last three years. 43% of respondents and 59% of millennials believe that most people will use Bitcoin in the next decade. In 2020, 44% of millennials say they are likely to buy BTC   in the next five years. More than one in three millennia would keep the Bitcoin given to them, while a slightly lower number (27%) would sell it immediately. 39% of generation Y men now have no problem with the intangible nature of   BTC , and a quarter of millennials as a whole declare the same attitude.

The report finds that the attitude towards   BTC  in general is more positive and optimism has increased by 27% in the past three years. "60% of respondents have estimated that the Bitcoin is a positive innovation in financial technology," concludes the report Tokenist. "Increased familiarity with Bitcoin has convinced many people that this is a positive force," have added the authors of the document.