29 Jun '13, 4pm

Survey: Quarter Of US Consumers Has Heard Of Bitcoin — And Majority Of Them Trust It via @techcrunch

Survey: Quarter Of US Consumers Has Heard Of Bitcoin — And Majority Of Them Trust It via @techcrunch

Trust in Bitcoin is still relatively low when compared to trust in national currencies. Again, as you would expect. Bitcoin is the upstart in the room, and isn’t backed by any centralised institutions like national banks — which may also, paradoxically, be helping to boost trust in the currency. The global financial crisis has knocked consumer confidence in traditional, centralised economic institutions and governments so a currency that stands outside the control of the establishment may appear more trustworthy to some. Backing up that stick-it-to-The-Man view, the largest group of Argentinian respondents (44%) said the best thing about Bitcoin is ‘not having to deal with financial institutions’. So banks bad, Bitcoin good.

Full article: http://techcrunch.com/2013/06/28/bitcoin-awareness-and-tr...

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