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Have You Heard of This Bitcoin Thing?

Don’t go burning your cash or cutting up your credit cards anytime soon. While awareness of bitcoin and other virtual currencies is on the rise, Americans don’t seem in any hury to actually use them. The WSJ reports that a new survey, from the Conference of State Bank Supervisors and the Massachusetts Division of Banks, found that just over half of those surveyed knew of bitcoin and other currencies, yet just 3% had said they used it.
The CSBS survey was takenn May, and questioned 1,000 online consumers. http://www.csbs.org/regulatory/ep/Documents/Final%20Report-VirtualCurrencySurvey2014.pdf i
The WSJ offers up these survey findings:
"…the findings aren’t surprising; men, for instance, were more likely (64%) than women (38%) to be aware of virtual currencies. Only a limited number said they’d buy or use them – 65% of the overall respondents said they were “unlikely” to ever use them. Younger respondents were more likely to have purchased bitcoins or other currencies, and Hispanics (30%) and African Americans (24%) were also more likely than whites (14%) to be willing to purchase virtual currencies.
While people in households where the income is over $100,000 were more likely to have heard of bitcoin (70%) than those in lower-income households (43%), they were less likely to say they’d purchase bitcoins (11%) than those in households with incomes of less than $100,000 (19%)."
http://blogs.barrons.com/focusonfunds/2014/08/27/psst-have-you-heard-of-this-bitcoin-thing/
submitted by Bricius to Bitcoin [link] [comments]

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