Bull runs, futures, institutions, Bakkt; Bitcoin is gaining ground like never before. But how much do everyday people know about Bitcoin around the world?
Knowledge About Bitcoin Around the World
This summer, I took some time out. My travels led me to a few of the world’s most progressive Bitcoin countries, excluding Malta and Switzerland.
I was excited to see the depth of knowledge about cryptocurrency around the globe and how people use it or talk about it in their everyday lives. But what I found was a little bit shocking.
How much do people know about Bitcoin around the world? In 99.9% of cases, absolutely nothing. Here’s a break down by the supposedly forward-thinking-on-cryptocurrencies places I visited.
In Barcelona in July, they held the Barcelona Trading Conference. As the name suggests, it was a meetup for exchanges, market makers, liquidity providers and the like. Of course, the talk at the conference was all the usual chestnuts.
The price of Bitcoin, the future of blockchain and exchanges, the slowness of DEXs, the need for a better UX, clumsy regulation worldwide, and some waxing lyrical about commission-free trading.
At the conference and the after-party, everyone, of course, knew about Bitcoin. But, stray a little from the convention centers and the 5-star hotels and the knowledge of Bitcoin in Barcelona was painfully low.
The very city the Catalan Vice President Pere Aragonès has just declared a leader in the space and announced a whole bunch of wooly initiatives which he took no questions on, had a collective knowledge of Bitcoin hovering around zero.
It’s not that everyday citizens failed to understand how Bitcoin worked. It was that,