Bitcoin customers place a better significance on a politician’s BTC-related insurance policies and agenda than their social gathering, a survey by Bitcoin Journal has discovered. Over 72% of respondents stated they’d vote for a pro-Bitcoin candidate even when they weren’t a part of their most popular political social gathering.
The primary version of Bitcoin Journal’s annual survey, which collected responses from over 6,600 Bitcoin holders from August 15 to October 19, 2022, additionally discovered that almost all of them thought of themselves Bitcoin maximalists (56.2%). Nonetheless, over 68% of respondents additionally personal different cryptocurrencies. Apparently, 60% stated they would favor to purchase merchandise from Bitcoin-only firms.
Supposed for gathering suggestions from the group on Bitcoin Journal’s current content material in addition to to higher perceive consumer’s preferences, the survey make clear many fascinating elements of the Bitcoin group and its members.
Three quarters of respondents buy bitcoin by way of regulated exchanges, with high selections being Binance (34.8%), Coinbase (20.6%), FTX (7.4%) and Kraken (6.6%). FTX’s desire is of course sure to drop close to zero following the trade’s submitting for chapter lower than one month after the survey. Peer-to-peer (P2P) buying and selling, which extra carefully resembles Bitcoin’s meant design of transactions with out intermediaries, was proven to be a method for less than 18.7% of the surveyed customers.
Adoption of the Lightning Community, Bitcoin’s overlay community for quicker and cheaper transfers, was discovered to be sturdy. Of all respondents, 70.4% shared that they’ve made at the least one Lightning cost. The popular wallets of customers had been Pockets of Satoshi (27.1%), Muun Pockets (25.4%) and Blue Pockets (23.7%).
Relating to mining, participation was unsurprisingly extra shy. Doubtless as a result of technical complexity in establishing an ASIC miner at dwelling, solely 12.6% of respondents stated they mined bitcoin at dwelling. That’s about half of the share of those that run their very own nodes –– greater than 1 / 4 of respondents (24.5%).
The vast majority of respondents self-custody their BTC, the survey discovered, amounting to 62.3% of customers. The popular {hardware} wallets are Ledger (43.7%), Trezor (16.4%) and Coldcard (10.2%).
Relating to studying and consuming trade info, the survey discovered Twitter as the principle channel, with 28.1% of respondents saying that’s the place they went primarily. Respondents elected Michael Saylor because the Twitter persona of the yr (48.9%), adopted by Yellow (10.1%) and Natalie Brunell (8.7%). Podcasts got here in shut second (26.4%), with the preferred of them being Peter McCormack’s “What Bitcoin Did.” Video trailed in third (22.2%). Whereas not many respondents talked about books as their fundamental supply of data, probably the most extensively really useful textual content about Bitcoin was The Bitcoin Customary by Saifedean Ammous.
When the enterprise is passing on Satoshi’s torch, the survey discovered that the majority Bitcoin customers introduce their buddies to bitcoin (70%), whereas some additionally share the great phrase with their mother and father (31.5%). Solely 17.3% of respondents didn’t advocate for Bitcoin in any respect and most popular as a substitute to maintain quiet on the matter.
