SINGAPORE, July 16, 2024 (GLOBE NEWSWIRE) -- Elastos, the SmartWeb ecosystem provider, has published the latest findings of the BIT (Bitcoin, Innovation & Trust) Index, revealing which global leaders are considered more crypto-ready and how many consumers expect Bitcoin to become the default currency.
About the BIT Index by Elastos
Elastos' BIT Index is a survey of over 1,400 self-defined "tech-savvy" respondents from 7 countries, aimed at better understanding of the perception and real-world use of Bitcoin, together with users' expectations and motivations around BTC.
BIT Findings: political leaders and crypto awareness
A growing share of tech-savvy users appreciate the role of individual global leaders (as opposed to financial regulators, for example) in the spread of blockchain technology and cryptocurrency adoption. Therefore, quite a few questions on the BIT Index survey focused on which leaders the respondents considered the most "crypto-aware" and "crypto-ready".
Among the US survey participants, 50% of tech-savvy consumers believe that Donald Trump has the strongest understanding of the workings and benefits of Bitcoin, while 42% also believe that he is more likely to spread the use and benefits of using Bitcoin compared to other presidential candidates. Among the 18 – 24 year olds, however, only 37% share this belief, compared to 45% among the 35 – 44 year olds.
Interestingly, outside of the US, Nigerian respondents (59%), followed by the UK (56%) and Germany (54%) also believe Trump is the most 'crypto ready' compared to only 42% in India.
Jonathan Hargreaves, Global Head of Business Development & ESG, Elastos, comments:
<>"We must remember to see the results through a global lens, as a sign of the global role that US leaders can play as prospective policy makers in the space - but also as a sign of the growing need for concerted policy action across regions. We refer to this idea as the New Bretton Woods, where the use of crypto can supplement the role of Gold in adding liquidity to global markets."
BRIC nations and the Global South Moving Quicker to Embrace Bitcoin
The BIT study has found a clear difference between traditional Western advanced economies and BRICS and Global South nations in their embrace and use of Bitcoin.
About Elastos
Elastos integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.
The Elastos SmartWeb platform enables organisations to recalibrate how the Internet works for them to better control their own data.
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SOURCE: Elastos