YouGov Crypto Survey Reveals Almost 4 out of 5 Have Heard of Bitcoin

Nearly 80% Of Americans Have Heard Of Bitcoin, Survey Appoints

While just under half of the millenials in the United States are interested in using cryptocurrencies as a way to make payments instead of USD, a new survey made by the polling firm YouGov appoints that nearly 80% of the Americans have heard of Bitcoin at least once.

The latest results of the YouGov poll were released this week and 1,202 Americans responded to the survey, which was focused on their familiarity and interest in cryptocurrencies. All the questions were asked between August 29 and 30. According to the press release of the company, at least 79% of people have heard of cryptos and 71% have heard of Bitcoin specifically. The second best-known token was Ethereum, which only had 13% of respondents knowing about its existence.

While crypto awareness is in an all time high, 87% of the individuals who have heard of cryptos at least once have not mined, bought or sold them and half of these people do not have any plans of buying them in the near future.

The full reports indicate that 19% of the people aged 18 to 34 are very interested in cryptos as a primary source of paying for things and 29% are somewhat interested. 50% of them did not have the slightest interest, however.

The statistics change for older people, which are less prone to use cryptos than the younger generation.

People Believe That Cryptos Will Be Widely Accepted

While not a lot of people intend to use cryptos right now, a significant number of people believe that cryptocurrencies will become widely accepted as a financial tool in the future. 36% of them believe that, within the next 10 years, the crypto revolution will come and it will be normal to use them. Millenials are the most likely to believe, 44% of them accept this hypothesis.

However, a quarter of the people interviewed by the YouGov survey believe that cryptos are still mainly used for illegal purposes and another 19% believe that they are equally used for legal and illegal things.

A low number of 17% of the respondents believe that they are only used for legal things.