What Is Bitcoin? - Two out of Three Americans Don't Know
In 2014, Google was asked many times "What is Bitcoin?". In fact, it was the fourth most asked, "What is......?" question on Google last year. It would seem many of those inquiries are coming from the U. S., after reviewing the latest survey findings from Coin Center. According to a new survey, Americans don't know what Bitcoin is. This survey, done through Google, and conducted by Coin Center, shows that 65% of all respondents are "not familiar at all" with Bitcoin. "What is Bitcoin?" The largest Bitcoin market really doesn't know. This would make Americans among the most ignorant of....
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Most Americans are confused about Bitcoin. A few days ago, Bloomberg conducted a random telephone survey of Americans (through Selzer & Co. Research), asking them to correctly define and identify Bitcoin. Unsurprisingly, only 42% of Americans knew that Bitcoin is a virtual currency. Furthermore, many of those who knew about Bitcoin still weren't sure about how it can be used. Take Olga Ruff, for instance. Ruff is a 62 year old woman from Dallas, Texas who knows the definition of Bitcoin. But beyond that, she's really unsure of what to make of the whole Bitcoin scene. "I'm not sure what the....