Survey Says 88% of Japanese Have Heard of Bitcoin

88% Have Heard of Bitcoin

Out of respondents who had heard of bitcoin, 82.9% said they have not purchased it. Only 2.7% said they have purchased it and currently own some while 2% said they have purchased it but do not own any currently.Overall, the cognitive rate was high, 88%.

Using Bitcoin at Stores
As more people start using bitcoin and becoming aware of the digital currency, more merchants are also attracted to it, ranging from small ma and pa shops to large retail chains. Electronics giant Bic Camera, for example, started accepting bitcoin at all of its locations across the country in July due to popular demand. The bitcoin exchange Coincheck claims that over 5,000 merchants in Japan accept bitcoin currently, with more being added regularly. When respondents who have bitcoin were asked whether they have used it to pay for goods and services at retail stores, 47% said that they have while 53% said no.
Reasons for Purchasing Bitcoin
Among the respondents who are currently holding bitcoin, 42% said that they purchased because “I was interested in virtual currency.” The same percentage of respondents said, “I thought that bitcoin will spread in the future.” Meanwhile, 33% replied, “I thought it would be profitable” and 30% said, “I like new things.”
Images courtesy of Shutterstock and Macromill.
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