According to a survey released by the Cornell Bitcoin Club on September 3rd, Bitcoin (BTC) achieved an average trust score of 4.67/10 across 25 countries, lower than gold, real estate, and fiat. Nigeria is leading in trust in Bitcoin, while Japan is the lowest.
Notably, in 10 countries such as Brazil, Indonesia, Nigeria, and Turkey, people trust Bitcoin more than the government, reflecting a decline in institutional trust. In contrast, the UAE, China, and Saudi Arabia show a much higher level of trust in the government compared to Bitcoin.
Despite being assessed as risky, 45% of participants view Bitcoin as equivalent to stocks and 43% compare it to corporate bonds. The survey also shows that in areas with high financial pressure such as Turkey, India, Kenya, and South Africa, the rate of Bitcoin ownership is higher.
Research concludes that trust in Bitcoin depends on the economic and institutional context, primarily characterized by skepticism rather than denial.
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Bitcoin achieved an average trust score of 4.67/10 across 25 countries.
According to a survey released by the Cornell Bitcoin Club on September 3rd, Bitcoin (BTC) achieved an average trust score of 4.67/10 across 25 countries, lower than gold, real estate, and fiat. Nigeria is leading in trust in Bitcoin, while Japan is the lowest.
Notably, in 10 countries such as Brazil, Indonesia, Nigeria, and Turkey, people trust Bitcoin more than the government, reflecting a decline in institutional trust. In contrast, the UAE, China, and Saudi Arabia show a much higher level of trust in the government compared to Bitcoin.
Despite being assessed as risky, 45% of participants view Bitcoin as equivalent to stocks and 43% compare it to corporate bonds. The survey also shows that in areas with high financial pressure such as Turkey, India, Kenya, and South Africa, the rate of Bitcoin ownership is higher.
Research concludes that trust in Bitcoin depends on the economic and institutional context, primarily characterized by skepticism rather than denial.