Singapore – 17/07/2024 – (SeaPRwire) – Elastos, the SmartWeb ecosystem supplier, has revealed the most recent findings of the BIT (Bitcoin, Innovation & Belief) Index, revealing which world leaders are thought of extra crypto-ready and what number of customers count on Bitcoin to grow to be the default foreign money.
Concerning the BIT Index by Elastos
Elastos’ BIT Index is a survey of over 1,400 self-defined “tech-savvy” respondents from 7 nations, geared toward higher understanding of the notion and real-world use of Bitcoin, along with customers’ expectations and motivations round BTC.
BIT Findings: political leaders and crypto consciousness
A rising share of tech-savvy customers recognize the position of particular person world leaders (versus monetary regulators, for instance) within the unfold of blockchain know-how and cryptocurrency adoption. Subsequently, fairly just a few questions on the BIT Index survey centered on which leaders the respondents thought of probably the most “crypto-aware” and “crypto-ready”.
Among the many US survey individuals, 50% of tech-savvy customers consider that Donald Trump has the strongest understanding of the workings and advantages of Bitcoin, whereas 42% additionally consider that he’s extra more likely to unfold the use and advantages of utilizing Bitcoin in comparison with different presidential candidates. Among the many 18 – 24 yr olds, nonetheless, solely 37% share this perception, in comparison with 45% among the many 35 – 44 yr olds.
Apparently, exterior of the US, Nigerian respondents (59%), adopted by the UK (56%) and Germany (54%) additionally consider Trump is probably the most ‘crypto ready’ in comparison with solely 42% in India.
Jonathan Hargreaves, World Head of Enterprise Improvement & ESG, Elastos, feedback:
“We must remember to see the results through a global lens, as a sign of the global role that US leaders can play as prospective policy makers in the space – but also as a sign of the growing need for concerted policy action across regions. We refer to this idea as the New Bretton Woods, where the use of crypto can supplement the role of Gold in adding liquidity to global markets.”
BRIC nations and the World South Transferring Faster to Embrace Bitcoin
The BIT examine has discovered a transparent distinction between conventional Western superior economies and BRICS and World South nations of their embrace and use of Bitcoin.
- The countries the place customers are most keen to make use of Bitcoin to retailer financial savings are the United Arab Emirates (51%), India (58%) and Nigeria (58%). Consumers are extra reluctant to take action in South Korea (38%), US (41%) and Germany (45%), whereas the worldwide common is 47%.
- 24% of tech-savvy Indian customers and 26% of UAE respondents use Bitcoin on daily basis as their foreign money of alternative in comparison with the worldwide common of 18% whereas solely 11% of Germans, 13% of UK respondents, 14% of South Koreans and 15% of US tech-savvy customers are ready to do the identical.
- In each the UAE and Brazil, 49% of respondents consider that Bitcoin will go mainstream in lower than 4 years, in comparison with 22% in Germany, 25% in South Korea and 36% within the UK.
- 91% of Nigerians and 90% of Indians see a time when Bitcoin may grow to be a sort of ‘default’ foreign money in comparison with solely 70% in Germany and 73% within the UK and South Korea, and 75% within the US.
About Elastos
Elastos integrates blockchain know-how with a collection of reimagined platform parts to supply a contemporary Web infrastructure that gives intrinsic safety for privateness and digital asset possession. The mission is to construct accessible, open-source providers for the world, so builders can construct an web the place people personal and management their knowledge.
The Elastos SmartWeb platform allows organisations to recalibrate how the Web works for them to higher management their very own knowledge.
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Model: Elastos
Contact: Roger Darashah
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SOURCE: Elastos
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