Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is More Popular Than Traditional Banks
by
ChrisPop
on 05/07/2020, 16:47:35 UTC
According to the cyber media Tokenist, based on the results of their survey not long ago. The survey involved 4,852 respondents from 17 countries. According to the survey the number of people who trust Bitcoin more than large banks, increased by 29 percent in the last three years. The survey also showed differences in the generation's views about Bitcoin and traditional banks. 51 percent of millennials trust Bitcoin more than traditional banks.

It is encouraging indeed to see that bitcoin popularity is on the rise. I'd say that as with everything people need a "break-in" period  so they get comfortable to the new technology although the new generations are more responsive to innovations.

In my country banks are trying to come with applications and budget management solutions. However they miss the whole point here - with Bitcoin we don't need to trust anyone with our money and we can have real privacy in our transactions. IMO the best way forward for the banks is to start building the infrastructure for cryptocurrencies - like following the DeFi model.