Leading reasons consumers Netherlands not to own cryptocurrencies 2018, by age group

This statistic shows the answers to a survey question about the leading reasons for consumers in the Netherlands not to own cryptocurrencies as of 2018, by age group. Respondents from the age group between 18 and 34 years old (14 percent) indicated they had no knowledge about digital currencies, more than the age groups of 35-49 years old (nine percent) and 50 years and older (eight percent). Bitcoin is a so-called cryptocurrency, a digital currency that uses blockchain technology as a means of security. Because of its design, it is difficult to get an insight in the full size of the Bitcoin market in individual countries. Because Bitcoin and other cryptocurrencies reached the news often in 2017, approximately 60 percent of the households in the Netherlands who invest in cryptocurrencies started doing so in 2017. In the first three quarters of 2017, there were approximately 44,000 transactions in Bitcoin from the Netherlands on a trading platform called BTC Direct. In addition, Belgium and the Netherlands have several Bitcoin ATM installations.

Is there a special reason you do not own cryptocurrencies?*

Age group18-34 years old35-49 years old50 years and older
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Source

Release date

February 2018

Region

Netherlands

Survey time period

Sample 1 = January 16, 2018 to January 22, 2018; Sample 2 = February 12, 2018 to February 14, 2018

Number of respondents

6,856 respondents

Age group

18-80 years

Special properties

consumers; the source performed two seperate samples of the survey: n sample 1 = 7,342, n sample 2 = 5,042

Method of interview

Panel survey

Supplementary notes

* This question was phrased by the source as follows: "Waarom heb je geen cryptomunten? Is hier een speciale reden voor?" (in English: why do you not have cryptocurrencies? Is there a special reason for this?")

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