Bitflyer, a Japanese crypto exchange conducted a survey and published their research finding. The conclusion shows that Bitcoin investment popularity is surging in US citizens as compared to Japanese.
The Bitflyer research paper jumps deep into cryptocurrency opinions and investment sentiments in the US compare to the Japanese market.
A simple question regarding crypto acceptance is put forward to the survey participants that conclude a much more difference of opinion between American and Japanese citizens.
In survey 76% American favors cryptocurrency while 78% Japanese prefer cash over it.
The pie chart indicates how the two markets are far away in cryptocurrency acceptance. However, the research
didn’t show when the survey conducted and whether the number of opinions collected is sufficient to conclude? As the particular surge of Bitcoin, Ethereum, and many other cryptocurrencies have occurred in the last few months across the globe.
Bitcoin and other crypto-assets are at the top amongst investors, pushing Gold in the fourth position.
A user named sylsau on Reddit commented,
“This is only the beginning.
Demographics play in favor of Bitcoin over gold.
The young generation that will gradually come to power will not buy gold but Bitcoin to protect themselves from the ravages of monetary inflation. It is a question of pure logic.”
It’s these concerns that have created unrest among traditional financial policymakers. Various voices to regulate cryptocurrency and urgent need of Digital Yuan, Digital Euro and use of stable coins are either experimented with or being proposed.