A survey by opinion tracker D-CYFOR has found that 60% of Britons would not support a cryptocurrency linked to the British pound even if it were backed by the Bank of England (BoE). Not surprisingly, Millennials, who represented 53% of those polled, are the only age group in favor of such a scenario.
A total of 56% would not invest in digital currencies even if the government introduces measures to regulate the new asset class. However, 33% of the Brits polled said they would be “more likely” to invest if regulation were in place.
At least 93% of those surveyed said they have heard of Bitcoin, up 2% from the January 2018 poll figures, the researchers found. Meanwhile, 61% believe that Bitcoin will either decrease in value over the next six months or become totally worthless.
D-CYFOR commented:
“This remains unchanged from January's 2018 figures while continuing to represent a sizeable increase on November's 2017 figures when only 47% of the public said that Bitcoin would decrease in value or collapse entirely over the next six months.”
When asked what other cryptocurrencies they would consider investing in, 50% of the respondents who had bought Bitcoin or were considering investing in the cryptocurrency said they were not inclined to invest in other digital coins. This is a 2% rise from the figure in the survey carried out in January this year.
Regarding other cryptocurrencies, the respondents named Ethereum the second most important cryptocurrency, followed by Bitcoin Cash, Ripple, and Litecoin.
Cryptocurrencies pose no threat
In a letter sent to G20 central bank governors and finance ministers ahead of last month’s G20 summit in Buenos Aires, Financial Stability Board chairman and BoE governor Mark Carney said his office did not find any threats from cryptocurrencies after conducting an extensive review of these digital assets.
Part of his letter reads:
"Their small size and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions has meant the linkages to the rest of the financial system are limited."
This article appeared first on Cryptovest
