Just 18% of Respondents Do Not Expect Bitcoin to Become Legal Tender in 3 Years - Survey

cryptonews.com:

Potentially fueling a bullish approach to bitcoin (BTC) investments, only 17.9% of surveyed individuals said that they do not expect BTC to become legal tender within three years, according to a recent report prepared by The Economist Group and commissioned by crypto platform Crypto.com.

The answers to the survey were sourced from a group of 3,000 people between January and February 2022. Some 50% of the respondents came from developed economies such as the US, the UK, France, South Korea, Australia, and Singapore, while the remainder came from developing economies, including Brazil, Turkey, Vietnam, South Africa, and the Philippines.

Replying to the statement: "I expect my country’s government or central bank to officially make Bitcoin or other cryptocurrencies legal tender for transactions in my country" in the next three years -- some 36.6% of those polled strongly or somewhat agreed, 43.4% neither agreed nor disagreed, while 17.9% said that they somewhat or strongly disagree with this statement.

A slightly lower share of the respondents, at 36.5%, said that they expected their countries’ governments or central banks to issue a central bank digital currency (CBDC) within the next three years. Only 18.6% doubt this will happen, and 43.4% neither agree nor disagree with such a statement.

It is noteworthy that executives (as one of the sub-groups polled) increasingly claim that “CBDCs are likely to replace physical currency in their country: almost two-thirds (65%) say this will be the case compared with about one-half (56%) last year,” according to the report.

The respondents demonstrated a similarly bullish approach to non-fungible tokens (NFTs), as some 60.1% said that they strongly or somewhat agree with the statement