This week, the European arm of crypto exchange bitFlyer released its second annual Crypto-Confidence Index poll. According to this survey, Europeans are getting more confident regarding the future of the cryptocurrency industry amid the pandemic.
The crypto exchange used Google Surveys to conduct this survey. Interestingly, 10,000 respondents across 10 European countries took part in this survey.
Moreover, 66% of respondents believe that crypto will still exist in 10 years. Thus, compared with the first Crypto-Confidence Index poll, the number of participants who believe in cryptocurrencies rose from 63% to 66%.
Also, bitFlyer Europe conducted this survey in March 2020. Surveyed countries include Belgium, Denmark, Germany, France, Italy, urNetherlands, Norway, Poland, the United Kingdom, and Spain.
The coronavirus pandemic continues to affect the global economy. European countries are struggling to cope with the ongoing crises.
Crypto-Confidence Index and bitFlyer Europe
Importantly, the survey is part of bitFlyer’s annual Crypto-Confidence Index research. Moreover, similar to the first survey in 2019, it was conducted by bitFlyer’s European division.
It is worth mentioning that, Italy which is one of the most affected countries in the European Union demonstrated the most significant level of confidence in cryptocurrencies compared to other countries in Europe.
Based on the information provided by bitFlyer Europe, 72% of the respondents expressed confidence in the longevity of crypto. It means that the vast majority of participants from Italy believe that cryptocurrencies will still exist in 10 years.
Moreover, the second and third place belongs to the Netherlands and Poland. Interestingly, in the case of Poland and the Netherlands 70% of the participants also share this viewpoint.
According to the Crypto-Confidence Index, only 56% of the respondents in the U.K. believe that cryptocurrencies will continue to exist after several years. Also, the number of participants from the U.K. who think that crypto will exist in 10 years fell from 57% in 2019 to 56% in 2020.