Only 1% of consumers still think Bitcoin is a passing 'fad' \ stacker news ~bitcoin

Only 1% of consumers still think Bitcoin is a passing 'fad'cryptoslate.com/only-1-of-consumers-still-think-bitcoin-is-a-passing-fad/

365 sats \ 11 comments \ @Cje95 9 Apr bitcoin

view all related items

10 sats \ 1 reply \ @StillStackinAfterAllTheseYears 9 Apr

The "best" part of the survey, though, is that people believe that "Crypto" (not BTC) will become "important asset class and method of payment."

Basically, this is a bank saying that folks will treat "crypto" -- which to them also includes Bitcoin -- as a stock to invest in. Which is what the entire ETF and similar things have pushed.

(Like, I'm happy about that 1%, just not the rest.)

21 sats \ 0 replies \ @Cje95 OP 9 Apr

Yeah I can see your concerns! I look at it as this is a first good step and that the space needs to build upon this and inform people more about the actual functionality!

10 sats \ 1 reply \ @grayruby 9 Apr

We must not get complacent and accept we have won. Most of the 99% still don't understand Bitcoin and have no idea why Bitcoin and not crypto.

50 sats \ 0 replies \ @Cje95 OP 9 Apr

Agree! Gotta take the momentum and continue to push forward!

0 sats \ 0 replies \ @beorange 9 Apr

Good. Next step: Bitcoin is Money. We will get there.

0 sats \ 3 replies \ @elvismercury 9 Apr

I always like to know what people think is going to happen. To that end:

Despite growing positivity toward Bitcoin, a significant minority expect lower Bitcoin prices by the end of the year.

Roughly 30% of respondents believe Bitcoin’s price will fall below $20,000 by year-end — down from 35% in February and 36% in January.

Meanwhile, 25% believe the flagship crypto will be valued between $20,000 and $75,000 by the end of the year, and only 10% believe Bitcoin’s price will surpass $75,000.

Thirty percent thinking sub-$20k is interesting.

54 sats \ 2 replies \ @Cje95 OP 9 Apr

That is interesting as it would seem to lead to the idea that the cycle would be over and BTC is doing its huge dump and I just don't see that being something that would occur with institutional money like Blackrock getting into the space... Since BTC started the year at roughly $38.5k these people are banking on it being half of the value from the start of the year??? I just do not see the logic in that given all of the "new" money flowing in from the traditional banking sector.

0 sats \ 1 reply \ @elvismercury 9 Apr

Same -- it would be weird if all that new money took a giant L, which is what would be required. I think we're at the spot where only massive institutional collapse or government attack could do it. Those aren't impossible, and in fact the latter is inevitable, but I'd be surprised if it was this year.

0 sats \ 0 replies \ @Cje95 OP 9 Apr

Yeah to that point if we have WWIII break out then yeah I think BTC along with most things would be crushed!

0 sats \ 1 reply \ @riberet19 9 Apr

Bitcoin is here to stay

0 sats \ 0 replies \ @Cje95 OP 9 Apr

Couldn’t agree more! I was amazed to see the number being that low though! Goes to show how the media portrays something!