By CCN.com: A majority of Europeans believe cryptocurrencies will still be around in ten years time, according to new data. A survey by bitFlyer Europe, a regulated crypto exchange, which polled 10,000 individuals in ten European countries, revealed that 63 percent believe in the staying power of digital currencies.
However, Europeans are less confident about bitcoin. While 63 percent think cryptocurrencies will survive the next decade, only 55 percent think bitcoin will still be around.
Cryptocurrencies Will Still Exist In Ten Years
It seems even the deep crypto bear market hasn’t shaken consumer confidence in digital assets. Despite shedding as much as $700 billion in market capitalization, the average citizen remains upbeat about the crypto market.
Respondents in Norway were most optimistic with 73 percent confidence that cryptocurrencies will still exist in ten years. Even the least optimistic nation, France, still reported a majority support for crypto at 55 percent.
Speaking about the results, bitFlyer COO said:
“These results indicate that the reputation of cryptocurrency has moved beyond hype and become more established. It’s very easy to forget just how new cryptocurrencies still are; we’ve only just celebrated bitcoin’s 10th birthday, so for the majority of consumers to believe in crypto’s future is without a doubt an achievement.”
Asked to make a prediction on the future of crypto, @SunnyStartups predicted: “I think each bitcoin will be worth a million dollars, and I think the time frame is ten years.”#Consensus2018 #BlockchainWeekNYC
— Annaliese Milano (@AnnalieseMilano) May 14, 2018
Bitcoin Will be Overtaken By Other Cryptocurrencies
The most surprising takeaway from the survey is that consumers have less confidence in bitcoin. Only 55 percent of respondents think bitcoin will exist in ten years, compared to the 63 percent conviction in…