Week 7: Trust & Risk — How Bitcoin Stacks Up Across 25 countries, trust in bitcoin averages 4.67/10, placing it below traditional assets such as gold and real estate. 🔸 In 10 countries, reported trust in bitcoin exceeds trust in government (including 🇧🇷 Brazil, 🇳🇬 Nigeria, 🇹🇷 Turkey, 🇺🇦 Ukraine). 🔸 Perceived risk remains high relative to most other assets, which may constrain broader adoption. 🔸 Responses to questions about fraud, privacy, and service providers were dominated by “neutral,” suggesting uncertainty rather than clear endorsement or rejection. 🔸 Higher reported financial stress often coincides with higher levels of bitcoin ownership and trust, though correlation does not imply causation. Overall, bitcoin’s position is shaped less by uniform acceptance or rejection and more by patterns of uncertainty, comparative trust, and local economic context. 📙 Read Week 7 and download all charts here: #Bitcoin #GlobalStudy #BitcoinResearch #FinancialInclusion
Bitcoin awareness across 25 countries in our study is 90%. Stablecoins? Just 34%. And yet, stablecoins like USDT, USDC, and BUSD have become tools of survival, remittance, and savings. This week, we compared bitcoin and stablecoins to understand: - Who’s using them - Why they matter - What they don’t solve Key findings: - High stablecoin ownership in 🇻🇪 Venezuela, 🇳🇬 Nigeria, and 🇺🇦 Ukraine reflects economic instability and conflict - The biggest motivators are avoiding volatility and accessing USD—the top 2 reasons globally - But stablecoins inherit the weaknesses of both fiat and crypto: reliance on custodians, censorship risk, and fiat debasement. Stablecoins may expand access to dollars in the short run. Bitcoin stands apart in the long run—decentralized, censorship-resistant, and sovereign. 📙 Read Week 6 here:
What’s really stopping people from adopting bitcoin? “It’s for criminals.” “It’s bad for the environment.” “It’s too complicated.” These are the reasons you might expect. But after asking 25,000 people in 25 countries, the most common answers told a different story: - For former owners: 42% sold to make a profit - For those who never owned: 37% aren’t interested - Other top barriers: security concerns and financial constraints (26% each) - Environmental concerns? Just 5%. - Better alternatives? 3%. These findings suggest that adoption challenges are less about rejection—and more about opportunity. - Lower friction where we can. - Support solutions where people can’t act alone. - Revisit barriers people think they can’t overcome. Because inclusion starts with listening. 📙 Read Week 5 here:
Why do people choose Bitcoin? Across 25 countries, we found that adoption is driven by more than just investment. From personal freedom in 🇺🇦 Ukraine to inflation protection in 🇻🇪 Venezuela and cross-border payments in 🇮🇳 India, bitcoin use reflects unmet needs in traditional systems. This week, we explore the why behind global Bitcoin adoption, and what it reveals about trust, access, and economic agency. 📙 Read Week 4:
For What—and How—Do People Use Bitcoin? Is bitcoin being saved? Spent? Stored? All of the above? In Week 3 of the Cornell Global Bitcoin Adoption study, we asked: What does it actually mean to “use” bitcoin? Across 24 countries: 💰 Most allocate less than 25% of their savings to bitcoin 💸 1 in 3 owners transact with bitcoin weekly 🔐 Most don’t understand the difference between custodial and non-custodial wallets What we found is that use varies by context. In some places, bitcoin is an investment. In others, it’s a lifeline. This isn’t just about transactions—it’s about beliefs, behaviors, and economic agency. 📙 Read Week 3 here:
Bitcoin may be for anyone, but, today, it’s not being adopted by everyone. Across 25 countries, we asked a simple question: Who actually owns Bitcoin? The answers reveal a clear—and uneven—pattern shaped by trust, identity, access, and need: - ✅ Owners are more likely to be men, aged 30–44, working in the private sector - 🇯🇵 In Japan, 88% have never owned Bitcoin - 🇸🇻 In El Salvador, just 28% say the same The numbers tell a powerful story. Let’s unpack who’s in, and who’s still left out. 📙 https://www.cornellbitcoinclub.org/blog/week2