Most of us know what Ethereum (ETH) is and what cryptocurrencies are, but not everyone knows about it. According to a new survey conducted by YouGov, just 6% of women heard of Ethereum and 19% of men.
The number is much more important when we talk about Bitcoin (BTC). 74% of men and 68% of women said that they know this virtual currency.
This information is very important. In the last years, we have seen how GPU prices increased exponentially due to the fact that they were used to mine Ethereum, which does not require such a specialized hardware as the one used to mine Bitcoin. Some individuals were complaining that ‘Bitcoin’ created this problem. But the truth is that it was Ethereum miners that were buying these devices. The price clearly went up.
Additionally, the survey reveals that 44% of millennials (between 18 and 34 years old), believe that virtual currencies will become widely accepted for payments in the next ten years. Moreover, 48% of these millennials said that they would like to primarily transact in cryptos rather than in US Dollars.
It is important to mention that there is a generational division. Younger respondents are more open towards virtual currencies than older generations. For example, 35% of individuals with more than 55 years old said that virtual currencies would not be accepted at all in ten years.
Furthermore, 87% of those that heard about Bitcoin did not interact with it in any way.
The newer generations are much more familiar with virtual currencies than older ones. In the future, this number will be growing and reaching new individuals in different age groups.
It seems that Ethereum investors are early adopters or developers. Bitcoin is used in different ways than Ethereum, and this is also important to take into account. Bitcoin can be used as a means of payment, while Ethereum allows for so many different things rather than just transacting funds.