More than 64% of all people in Germany at least know about the existence of Bitcoin. It might not appear as a very high number at first sight but it´s actually quite a lot compared to some other countries like e.g. Russia or China.
Compared to 2016 the numbers almost doubled after only about 36% of all people had heard about Bitcoin back then. Going back even further the number more than quadrupled since 2013, which is not really surprising given the recent media coverage of the cryptocurrency market, which made it a hot topic around all around the globe.
Despite the fact that so many people know about the existence of Bitcoin there are only 4% actually owning it with the main reason for that being the high volatility in price. It´s actually not too surprising to me as many people in Germany like to play it safe whenever it comes down to money and investing it. But that all being said it might once again highlight the early stage of the market we are still in today.
That being said I don´t believe that we are at the peak of a bubble at all but rather at its very beginning. Just ask your friends and family, whether they own some cryptocurrency and I guess you won´t find too many who actually do. So don´t worry but rather be glad about being one of the early adopters in this new rapidly emerging market.
Bitcoin will conquer the masses sooner rather than later. Especially now that the technology got more advanced once again through the successful implementation of the lightning network.
Do You Agree with me?
(Source - edigitalbusiness.com)
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