Report Shows Norway, then Italy, as the Most Bullish Countries In Europe About Bitcoin’s Future
According to a new bitFlyer poll with 10,000 respondents in 10 different countries in Europe, shows that Norway and Italy are the most bullish countries about Bitcoin’s future. The survey carried out by bitFlyer showed that 73% of the respondents in Norway have a positive opinion about Bitcoin’s future.
Norway And Italy Bullish About Bitcoin
French respondents seemed not to be as bullish about Bitcoin (BTC) as their counterparts in other European countries. Nonetheless, only 29% of the participants said that they believe Bitcoin would exist one more decade. Italians are the most confident about Bitcoin’s future.
55% of the Italian respondents answered that Bitcoin will last 10 years while only 40% of French respondents answered that Bitcoin will survive one more decade.
The COO of bitFlyer, Andy Bryant, commented:
“The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility but is also a direct impact of the constant media attention that is associated to its volatility.”
Since the beginning of the current year, Bitcoin has outperformed most of the traditional assets, including stock markets and commodities. In addition to it, Bitcoin continues to process larger transactions.
The main question is whether Bitcoin will be outperforming gold and other assets during a global economic crisis. Bitcoin could eventually become a store of value if it is embraced by traditional investors in the future.
At the time of writing this article, Bitcoin is the largest digital asset in the market. Each BTC can be purchased for over $5,470 and it has a market capitalization of over $96 billion.