Dutch banking behemoth, ING, believes that Bitcoin adoption is bound to increase. This belief is based on the bank’s recent survey which shows an increasing number of Europeans interested in cryptocurrency. ING’s study comes at a time when crypto prices have struggled, with many coins experiencing significant dips. Concerns over frequent exchange platform hacks as well as government investigation into price manipulation have seen market confidence dwindle in recent weeks.

Jessica Exton, Behavioral Scientist at ING, authored the survey report. The study covered 15,000 respondents across 13 countries in Europe as well as the United States and Australia. More than two-thirds of the European respondents acknowledged that they knew of cryptocurrencies. More males, 77 percent, were aware of cryptos than females, 55 percent.

One surprising statistic from the study was that young people (between the ages of 25 to 44) were no more likely to say that they had heard about Bitcoin and other cryptocurrencies than any other age group. Commenting on the survey figures, Exton said:

Cryptocurrency remains an abstract investment for many, but there may be more appetite for digital currencies than some might suggest.

Ten percent of Europeans own cryptocurrency, according to the survey. Another 25 percent of the respondents declared an interest in holding cryptos in the future, which means, the adoption of Bitcoin and other cryptos could increase by more than 100 percent. Exton also expatiated on this trend saying:

Based on our survey, ownership of cryptocurrencies could more than double in the future – although we do not know when. The volatility of cryptocurrency carries with it both positives and negatives, on the plus side it can increase awareness but may also mean people view digital money as a relatively risky asset. If cryptocurrency [stabilizes], there may be increased interest.

While ING predicts an upward growth in Bitcoin adoption, Jordan Belfort, the controversial “Wolf of Wall Street”, believes the top-ranked cryptocurrency is nearing its demise. In a recent Facebook video, Belfort said Bitcoin’s technology is fundamentally flawed. According to him, the BTC price struggles are a sign that the currency is set for imminent death.

Belfort also accused crypto-enthusiasts like John McAfee of trying to deceive the public with promises of fantastic investment returns saying:

The only reason why they’re doing that is because they’re trying to get more suckers in, to create unrealistic price projections at ridiculous values.

Belfort ended the video with an ominous warning to his viewers, urging them to dispose of their Bitcoins. According to him, things are about to end badly for the number one cryptocurrency.

The post Bitcoin Interest is Bound to Increase Says Dutch Banking Behemoth, Jordan Belfort Disagrees appeared first on UNHASHED.

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