Why South Africans are optimistic about Bitcoin

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Why South Africans are optimistic about Bitcoin
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A global survey conducted on attitudes to Bitcoin shows South Africans were more positive than most about the world’s largest cryptocurrency. Moneyweb Bitcoin Crypto

A global survey conducted in January on attitudes to bitcoin shows South Africans were more positive than most about the world’s largest cryptocurrency. Bitcoin: Knowledge and Perception, a recently published Block, Inc. report, surveyed 9 500 people in 14 countries to better understand attitudes towards bitcoin and why people would buy it. The countries most optimistic about BTC were Nigeria, India, Vietnam, Argentina and South Africa.

The chart below shows the percentage of people in different countries who would use BTC to protect against inflation, with Argentina, Nigeria, India and South Africa out in front in this respect. Source: Bitcoin: Knowledge and Perception, a Block, Inc. Report 2022 “People who have knowledge about cryptocurrencies overwhelmingly have a positive outlook about bitcoin’s future,” says the report.

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