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Austrians Are Most Skeptical of Bitcoin and Cryptocurrency

A web based survey by banking large ING finds that Austrians are probably the most skeptical of Bitcoin (BTC) and cryptocurrencies normally. The ballot, together with respondents from 15 international locations, reveals that Bitcoin-positivity can be weakening in different international locations, in response to Der Commonplace, Aug. 14.

The worst and getting worse

Austrians are typically conservative on investments, however on cryptocurrency they’re very skeptical, with solely 13% seeing digital currencies in a constructive mild.

Attitudes in direction of cryptocurrency worsened since final 12 months’s survey. This 12 months 17% of Austrians assume that cryptocurrency is the way forward for digital funds, in comparison with 20% final 12 months. And now solely 14% imagine it’s a vital type of funding in distinction to 17% final 12 months.

Simply 5% of Austrians would contemplate having their salaries paid in Bitcoin.

Based on the survey, Austrians know greater than most nations about cryptocurrencies, however want to keep away from danger and volatility as a lot as potential.

Bucking the development

Of the 13 European nations (plus Australia and the US) who have been questioned, the bulk noticed a downturn in crypto-positivity in comparison with final 12 months. The exceptions have been Turkey, Poland and Romania.

Poland and Romania noticed 43% and 44% of respondents with a constructive opinion of cryptocurrencies. Whereas in Turkey, 62% have been crypto constructive and 36% could be blissful to be paid in Bitcoin.

Austrians do nevertheless see the worth in blockchain as a expertise. Vitality buying and selling agency, Graz, is planning to make use of a DLT-based platform within the transfer in direction of zero-carbon vitality distribution.

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