A recent study by cryptocurrency exchange bitFlyer reveals that 63% of Europeans believe cryptocurrencies will persist for at least another decade. The Tokyo-based exchange, authorized to operate in the EU since 2018, surveyed 10,000 respondents across ten European countries to gauge public sentiment toward Bitcoin and other cryptocurrencies.
Key Findings: European Sentiment on Cryptocurrencies
1. Long-Term Viability
- 63% of Europeans overall predict cryptocurrencies will still exist in 10 years.
- Norway showed the highest optimism (73%), while France was the most skeptical (55%).
2. Confidence in Bitcoin
Only 49% of respondents believe Bitcoin will endure, with stark regional differences:
- Italy & Poland: Most confident (55% and 53%).
- France: Least optimistic (40%).
- Merely 7% see Bitcoin remaining as an investment/security tool long-term.
3. Regulatory and Adoption Trends
- France is leading efforts to standardize EU-wide cryptocurrency regulations.
- Corporate Traveller, a UK travel management firm, now accepts Bitcoin payments, signaling growing mainstream adoption.
Why Europeans Are (Still) Betting on Crypto
Shifting Perceptions
Andy Bryant, bitFlyer Europe’s COO, notes that cryptocurrencies have moved beyond hype toward practical utility. The focus now is on educating users about real-world applications—from cross-border payments to decentralized finance (DeFi).
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Regional Attitudes
- Nordic Countries: High trust in technology (e.g., Norway’s 73% approval).
- Southern Europe: Stronger Bitcoin adoption (Italy, Poland).
- Western Europe: Cautious but engaged (France’s regulatory push).
FAQs: Europeans and Cryptocurrency
Q1: Which European country is most bullish on crypto?
A: Norway, with 73% of respondents believing in its long-term viability.
Q2: How does France view cryptocurrency regulation?
A: France advocates for stricter, standardized EU rules to ensure market stability.
Q3: What’s the average European confidence level in Bitcoin?
A: Just 49%, though Italy and Poland exceed this average.
Q4: Are businesses adopting crypto in Europe?
A: Yes—examples like Corporate Traveller accepting Bitcoin highlight gradual adoption.
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The Road Ahead
While skepticism persists, cryptocurrencies are gaining institutional and regulatory recognition across Europe. The key to broader acceptance lies in:
- Transparent regulations (e.g., France’s proposals).
- Education on blockchain’s societal benefits.
- Mainstream integration (retail, travel, finance).
As Bryant emphasizes, the industry must showcase tangible use cases—moving beyond speculation to solve real-world problems.
Methodology: bitFlyer surveyed 10,000 adults across the UK, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, and Spain.