Bitcoin (BTC) scored an average trust rating of 4.67 on a 10-point scale in 25 countries, according to a Survey released By Cornell Bitcoin Club on 3 September.
The survey reveals significant regional variations in perceptions of cryptocurrency. Nigeria led the global Bitcoin levels, while Japan registered the lowest scores among countries surveyed.
BTC is consistently arranged under traditional assets, including gold, real estate and large Fiat -currencies compared to risk -perception.
Trust patterns of the government
Ten countries reported a higher confidence in Bitcoin than their national governments: Brazil, Indonesia, Kenya, Lebanon, Nigeria, the Philippines, South Africa, Turkey, Ukraine and Venezuela. These regions represent emerging markets or countries that experience political instability.
The VAE, China and Saudi Aarabia showed high levels of government trust, which considerably exceeded the Bitcoin trusts reviews. The pattern suggests that Bitcoin attracts interest where institutional trust is eroded, so that crypto is placed as an alternative to centralized authority.
Research participants consistently assessed Bitcoin as riskier than traditional investment options in all categories. However, 45% of the respondents found Bitcoin just as risky compared to shares, while 43% considered it equivalent to corporate bonds, which indicates some coordination with established volatile asset classes.
Questions about Bitcoin’s fraud reduction possibilities, privacy protection and reliability of the service provider produced predominantly neutral answers instead of clear approval or rejection.
The pattern suggests widespread uncertainty about the practical benefits of Bitcoin instead of informed skepticism.
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Financial stress correlation
Countries that reported higher financial stress levels, measured by answers to ‘my finances that control my life’, generally showed an elevated Bitcoin ownership and trust.
Turkey, India, Kenya and South Africa registered the highest financial stress indicators in addition to increased bitcoin acceptance rates.
El Salvador, Switzerland, China and Italy reported the lowest financial stress levels, correlating with reduced bitcoin interest. Mexico, Italy and Japan are the lowest in both financial stress and the adoptive statistics of cryptocurrency.
Although correlation does not establish a causal connection, the data that Bitcoin can use an alternative financial system in regions that experience acute economic pressure.
The Cornell study indicates that the worldwide position of Bitcoin reflects local economic contexts and institutional levels of trust instead of uniform acceptance or rejection patterns.
Uncertainty rather than dismissal characterizes the views of most respondents about cryptocurrency options.
