Bitcoin

<ul><li>US and global respondents Donald Trump perceive as the Most ‘Crypto-Aware’ and ‘Crypto-Ready’ Presidential Candidate ahead of Joe Biden and Robert F Kennedy</li><li>38% of respondents say Bitcoin will be mainstream in less than four years and 80% say it could be a ‘default’ currency in the future</li><li>However, Bitcoin adoption lags in Western Nations with BRIC and Global South Nations Ahead</li></ul>Elastos, the SmartWeb ecosystem provider, today announced the latest findings of the BIT Index (Bitcoin, Innovation &amp; Trust) which shows Donald J Trump is seen as a clear leader among US tech-savvy consumers in his understanding of and willingness to embrace Bitcoin. As the Presidential Race hots up, the survey shows growing acceptance among the majority of tech-savvy consumers (80%) that Bitcoin could become a ‘default’ currency in which most global transactions (such as commodities, real estate, company valuations) are priced. Additionally, more than a third globally say Bitcoin will be mainstream in less than four years, but it is clear that BRIC and Global South nations are moving quicker to embrace the technology.Who is the Bitcoin President?<ul><li>In the US, half of tech-savvy consumers (50%) say Donald Trump is the most ‘crypto aware’ Presidential candidate with a strong understanding of the workings and benefits of Bitcoin, compared to Joe Biden (32%) and Robert F Kennedy (19%)</li><li>Globally, the figures are: Donald Trump (51%); Joe Biden (31%); Robert F Kennedy (19%).</li><li>The only slight variation in responses is by demographic with 18 – 24 less likely to see Trump as ‘crypto aware’ (45%), compared to 25 – 34 year olds and 35 – 44 year olds (54%). Biden (34%) and Kennedy (21%) get a slight bump from 18 – 24 year olds.</li><li>Trump is also seen as the most ‘crypto ready’ in the US (49%) compared to Joe Biden (30%); Robert F Kennedy (21%), meaning tech savvy consumers believe he is more ready to embrace and promote the benefits of Bitcoin around the world.</li><li>Globally, the figures are: Donald Trump (51%) compared to Joe Biden (29%) and Robert F Kennedy (20%)</li><li>Again, Trump fares less well with 18 – 24 year olds (47%) compared to 25 – 34 year olds (51%) and 35 – 44 year olds (54%). Again Kennedy receives a slight uplift from 18 – 24 year olds (24%)</li><li>Equally Trump is seen 42% of US respondents as the Presidential candidate most likely to spread the use and benefits of using Bitcoin compared to Joe Biden (23%) and Robert F Kennedy (14%)</li><li>Globally, the figures are: Donald Trump (42%); Biden (23%); Robert F Kennedy (14%)</li><li>Trump receives less support from 18 – 24 year olds (37%) compared to 25 – 34 year olds (43%) and 35 – 44 year olds (45%) while Kennedy receives a slight uplift from 18 – 24 year olds (17%)</li><li>Outside the US, Nigerian respondents (59%), followed by the UK (56%) and Germany (54%) believe Trump is the most ‘crypto ready’ compared to only 42% in India.</li><li>51% of Nigerians say Trump is most likely to spread the use and benefits of Bitcoin in their country compared to only 30% in India, which suggests Trump has work to do to convince one the world’s fastest growing economies that the US should play a leading role in the expansion of Bitcoin.</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f2fbe118d9e4420ca39ee0ac58a59f3d.jpeg" />“As we gather at Bitcoin 2024 in Nashville it would be easy to become too focused on the Presidential Race and its potential to affect future support for Bitcoin, but we must remember to see this through a global lens,” said Jonathan Hargreaves, Global Head of Business Development &amp; ESG, Elastos. “While it is clear Trump is seen as the crypto candidate by the majority of Americans, the more surprising outcome is that the whole world also sees him as a leading prospective policy maker in the space. This reflects the need for global leadership of the critical role crypto can play in our economic future. It also highlights the growing need for concerted policy action both in regulation and the positive application of Bitcoin that we see in the survey. 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. This is clearly a time for America to collaborate with the world on crypto leadership.”Bitcoin is going mainstream<ul><li>More than a third of tech-savvy consumers (38%) believe Bitcoin will become mainstream in less than four years. This is higher among 25 – 34 year olds (41%) and 18 – 24 year olds (40%)</li><li>24% of tech-savvy consumers say Bitcoin will become mainstream in the next 4 – 5 years and an overwhelming majority (80%) say they see a time when Bitcoin could become a type of ‘default’ currency in which most global transactions (such as commodities, real estate, company valuations) are priced.</li></ul>BRIC nations and the Global South Moving Quicker to Embrace Bitcoin<ul><li>There is a clear difference between traditional Western advanced economies and BRICS and Global South nations in their embrace and use of Bitcoin. Countries like the United Arab Emirates (51%), India (58%) and Nigeria (58%) are much more willing to use Bitcoin to store savings compared to the global average of 47%. Nations like South Korea (38%), the United States (41%) and Germany (45%) are slightly more reluctant to do the same.</li><li>24% of tech-savvy Indian consumers and 26% of UAE respondents use Bitcoin every day as their currency of choice compared to the global average of 18% while only 11% of Germans, 13% of UK respondents, 14% of South Koreans and 15% of US tech-savvy consumers are prepared to do the same.</li><li>There is very strong acceptance among respondents in the UAE and Brazil (49%) that Bitcoin will go mainstream in less than four years compared to 22% in Germany, 25% in South Korea and 36% in the UK.</li><li>91% of Nigerians and 90% of Indians see a time when Bitcoin could become a type of ‘default’ current compared to only 70% in Germany and 73% in the UK and South Korea, and 75% in the US.</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9488beb49705480896afcdeee85c65b0.jpeg" />About ElastosElastos is a public blockchain project that 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 organizations to recalibrate how the Internet works for them to better control their own data.https://elastos.infohttps://www.linkedin.com/company/elastosinfo/

Elastos BIT Index: Donald Trump is the “Bitcoin President” for US and Global Tech-Savvy Consumers as Bitcoin Goes Mainstream

The Bitcoin Daily

Other articles published on Jul 16, 2024

The Potential of DePIN: Transforming the Cloud Computing Industry

CEO of BlackRock Larry Fink Accepts Bitcoin as “Digital Gold” in the Face of Institutional Change

Invest Smart with Presales

The Bitgert Advantage: Discover How to Unlock Massive Gains in Your Portfolio

VC Purchase Propels Pepe Coin 23% Surge: What’s Next?

Bearish Bear Presale: Why It’s the Best Current Opportunity for PEIPEI Coin Enthusiasts!

Join our free newsletter for daily crypto updates!