Recently, I've been wondering, and based on the people I live with, I'd say that only 20% of them know what cryptocurrency is.
Sometimes I ask my friend or colleague if he knows what Bitcoin is, and if they're young (20-35 years old), they say, "Yes, I've heard about it. But I don't know much about it."
If I'm talking to older people (4060), mostly they don't know what it is.
We are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?
I'm wondering what your opinion is about this.
It obviously understandable why our parents, grandfather, and grandmother do not know what cryptocurrency is, And even these days there are only a few people that know and understand bitcoin or cryptocurrency is, and they are probably traders or investors that buy bitcoin, Bitcoin was created on 2009 and probably started to get popular in 2011 I just stated my bitcoin or investment journey around 2017 so it takes years before I even know what bitcoin is and learn what it is.
Bitcoin is slowly being adopted in different countries and surely most people are getting an idea of what bitcoin is because they heard something about it or heard it from the news etc. Some of the banks here in my country are starting to promote bitcoin and encouraging people to buy bitcoin or cryptocurrency, so probably most of the users are already adopting it so in the future I can see bitcoin as a part of people's normal lives something like banks.
Trust in cryptocurrency is I think the hardest part for most people and probably will take a lot of time for them before they accepted it, bitcoin and cryptocurrency have a bad image because of scams, and some of the old generations don't trust everything online when it comes to online transactions they always have a doubt that it might be or there's a possibility of a scam.