As Bitcoin Nudges $8,000, Survey Reveals The ‘Rapid’ Pace Of Crypto Adoption

Bitcoin, rising again today to almost $8,000 following a raft of positive announcements coming out of the first day of Blockchain Week NYC and CoinDesk’s Consensus 2019 event, as well as embattled cryptocurrency exchange Bitfinex soothing the market with news it’s raised $1 billion in fresh investment, is looking its strongest so far this year.

The bitcoin price hit year-to-date highs of $7,878 per bitcoin on the Luxembourg-based Bitstamp exchange earlier today after starting the year at under $4,000 and rising a staggering 55% in the last 30 days alone. Bitcoin rocketed over the weekend, rising more than $1,000 per bitcoin in a matter of days.

Now, results of a survey from HBUS, the U.S. partner of the Singapore-based Huobi bitcoin and cryptocurrency exchange, has revealed “rapid” bitcoin and crypto adoption, with the percentage of people in the U.S. holding cryptocurrencies doubling over the last year.

HBUS, which surveyed just over 1,000 people in the U.S. between March and April this year, found 20% of people asked had invested in cryptocurrency, with men more than twice as likely to have bought into crypto than women.

Almost three-quarters of those asked (74%) were aware of cryptocurrencies, with people saying they think the potential of the technology, privacy, and security are its greatest assets.

“Over the past few years, the digital asset and blockchain sector has faced massive shifts,” said HBUS CEO, Frank Fu. “Despite the volatile crypto markets, we’re seeing governments and businesses adopting blockchain technology at a rapid pace.”

https://www.forbes.com