The results of the survey “Understanding
Bitcoin Market”, carried out with the cooperation of Btcturk and Istanbul
University Research and Application Center of Statistics, reveals Turkish
people’s interest in cryptocurrencies.
People aged between 15-55 and corporate
customers and opinion leaders from Turkey took part in the study.
Bitcoin Ranks 6th
Asked about the investment tools,
respondents placed gold and currency in the first two places while one of every
four people responds with Bitcoin. Although they give Bitcoin as the answer, the
usage graph is much lower than the familiarity level graph.
People who have used Bitcoin emphasize
their foreign currency and gold accounts in their investments, while participants
who have not yet met Bitcoin prefer to save in Turkish Lira.
Gold was the most trusted investment among
the participants, followed by Turkish Lira and foreign exchange. On the other
hand, there has been an increase in interest towards Bitcoin. Bitcoin comes
before stocks and government bonds.
Most Participants Don’t Know What Cryptocurrency Is
Most of the respondents think of the cryptocurrency
as virtual money, while only 12% of them know about Bitcoin.
13% of respondents say Bitcoin was created
81% think that Bitcoin is not tied to any
state or institution, while 13% of the respondents think they belong to the
United States. The US is followed by China and Russia.
The 3 Most Known Cryptocurrencies
Bitcoin ranks first among the most popular
cryptocurrencies with 75%, followed by Bitcoin Cash and Ethereum.
No Expectation of Decline in the Value among
The most striking detail is that 46% of
participants who have previously traded with Bitcoin expects decline in value, while
only 20% of people who have never had Bitcoin expect a decrease.