Quote from: zasad@ on April 09, 2021, 01:54:32 PM

https://research.binance.com/en/analysis/global-crypto-user-index-2021

Introduction to the survey
"This first-ever report with a global scope and focus on crypto retail users examines data from over 61,000 crypto users around the world, shedding light on the motivations, behaviors, and preferences of this growing audience.

Bitcoin continues to reign: BTC, which is held by 65% of users who own any crypto, continues to be the most popular cryptocurrency. 30% of BTC owners allocate 1-20% of their crypto portfolio to bitcoin.

Top uses for cryptocurrencies: even though most cryptos are hodled (39%), users also use their digital assets for staking & lending (22%), and payments (11%). And while using crypto as a medium of exchange may not be perceived as the most important use-case (21%), actual usage (38%) suggests that crypto is taking the function of money more than users anticipate."

FULL REPORT:
https://research.binance.com/static/pdf/Global_Crypto_Index_2021.pdf

Bitcoin is proving to be a useful tool for bolstering the existing infrastructure. There are several aspects of this device that don't work well. Banks stop making loans during a crisis, just when people need them the most, because the availability of credit money can be unpredictable. There is no reason to give people who need small loans inexpensive credit.But, so far, Bitcoin doesn't seem to have done anything to address these issues, and it's unclear if it would.

Making fiat credit money more useful to all is just that: job. It needs patient control. You must go out into the world and find people who are not part of the financial system, then allow lenders to have goods that will attract them.It takes a lot of wrangling with people who make a lot of money by lending money. Nothing can happen on its own only because the world has a new commodity. Bitcoin lenders pledge something akin to a modern political party — people's wealth! However, they seem to be just another group of bankers so far.