THE ECONOMIST PREDICTS A BRIGHT FUTURE FOR BITCOIN AND CRYPTOPAYMENTS
The Economist published a report called Digimentality 2022 (commissioned by Crypto.com). It explored the trust level of Cryptopayments by consumers in 11 countries worldwide. 37% of consumers expect their government or central bank to officially make Bitcoin or other cryptocurrencies legal tender for cryptopayment transactions versus 20% opposing this measure. The same ratio also applied to Central Bank Digital currencies. And the expect cryptopayments to become mainstream in 3 to 5 years.
In response to Christine Lagarde, head of European Central Bank declaring that cryptocurrencies are worth nothing, more than 85% of consumers thought the that cryptocurrencies as well as CBDC are useful as a diversifier in a portfolio or treasury account.
27% thought that regulation was the main barrier for this evolution and that the main reason was the lack of literacy around the blockchain foundational technologies
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