Categories: Bitcoin Business

80% of College Students Chose 1 Dollar over 1 BTC

Click here to view original web page at

Anyone searching for evidence that the cryptocurrency industry and especially Bitcoin is still at an early stage will find solace in the fact that 80% of college students recently interviewed has no clue about BTC nor its value.

In a video posted on r/Bitcoin, an interviewer toured a college campus to ask students whether they would choose a $1 note or 1BTC which as you know, is worth roughly at press time $8,000.

The result of the poll showed that it is not every millennial that is into Bitcoin or even knows about it more than the U.S dollar.

80% of respondents said they’d rather take a dollar for reasons that would sound reasonable to anyone that has little knowledge about cryptocurrencies or its value.

Some of the common reasons given by ignorant respondents are that they will never lose a $1 note while they could lose the 1 BTC if they forgot their wallets. Others suggested they’d rather have a dollar since they were sure its value would never change and also could exchange it for value anytime.

The responses undoubtedly debunk any myth that the majority of Bitcoin and cryptocurrency users are millennials.

The Upside

The only positive reality though is that most of the college students later admitted that they’d prefer a Bitcoin after they only got to know a little about how it functioned.

There is no doubt that anyone who has a hard time explaining the same concept to an older adult will admit that millennials are more open to the concept of digital cash that exists only on computer and smartphones.

The journey to mainstream cryptocurrency adoption continues but with a reminder that the number of unbanked users still on the high.

Never miss out on our daily crypto news, stories, tips, and price analysis. Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter.








Pin it


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Price Chart Forecast: BTCUSD Awaits Pennant Breakout

Bitcoin Price Forecast: A series of lower highs and slightly higher lows has formed a pennant pattern Regardless of direction,… Read More

4 hours ago

Billionaire Blackstone CEO Heaped Praise On Blockchain—But Made A Bitcoin Warning

Bitcoin has won over many from the traditional finance industry , but far more of the investment old guard remain… Read More

4 hours ago

Early Ethereum advisor charged with extortion and arrested

The accused, Steven Nerayoff, violated the agreement made with a blockchain firm. If found guilty, Nerayoff and his associate Michael… Read More

4 hours ago

CME Group Reveals Plan for Bitcoin Options in Q1 2020

Leading derivatives exchange operator, CME Group announced in a press release today that it will launch options on its bitcoin… Read More

10 hours ago

Analyst: Bakkt Launch to Improve Trustworthiness of Crypto Markets

For the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as… Read More

10 hours ago

IBM Stock Gets a Blockchain Pop

IBM (NYSE: IBM ) investors haven’t had all that much to complain about in 2019. After a precipitous drop over… Read More

10 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More