Austrians Reject Bitcoin, Reveals New Public Survey

A majority of Austrians are skeptic about decentralized cryptocurrencies like bitcoin, according to a new ING International survey.

Only 13 percent of the participants from Austria expressed optimism towards cryptocurrencies, making the country of one of the world’s most prominent anti-bitcoin regions in terms of public sentiment. On the other hand, ING found that people of sanctions-hit Turkey are more receptive towards digital ledger tokens, with 62 percent of them agreeing to at least use it in the future. Among the other open-minded, pro-bitcoin people come from Romania (44 percent), Poland (43 percent), and the United States of America (31 percent).

Bitcoin Believers in Austria Got Reduced from 20 to 13 Percent | Image Credits: ING International

Always Haters

ING noted that Austrians skepticism over bitcoin increased over the past 12 months. The banking giant claimed that last year, 20 percent of Austrians were willing to give cryptocurrencies a try. Out of those, 20 percent believed bitcoin is the future of digital payments while 17 percent said they would purchase it down the road. Nevertheless, in 2019, the 20-percent bitcoin believers got reduced to 17 percent, and 17 percent of potential bitcoin investors became only 14 percent.

“The ING International Survey always shows very clearly that Austrians put their money on one thing: security in payment transactions and investment. However, they want to avoid the risks of strong price fluctuations associated with bitcoin as much as possible.

“No wonder, therefore, that cryptocurrency falls in this country on no particularly fertile ground. Also, only 15% of Austrians currently believe that the price of digital currencies will increase over the next 12 months,” the ING experts comment on the study’s findings.”

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