Many Americans Still Choose $1 Over 1BTC

Even with current market prices above $10,000, Bitcoin still has a large room for potential growth as we found out in the second edition of $1 or 1 BTC. (You can read about the first edition here).

The street show which lets people choose whether they’d take $1 or 1BTC featured a lot of respondents who claimed that they’d go for a dollar bill, a response that you would likely have given if you’re not into crypto or at least monitoring tech trends.

Uninterestingly, a major of the respondents (millennials) cited volatility as one of the reasons why they’d rather have $1 than 1BTC.

“Bitcoin, the amount it worth goes up and down all the time, the dollar stays the same,” one of the respondents said.

Meanwhile, on the positive side, a few others mentioned that they’d settle for the dollar bill because they didn’t know how to transact Bitcoin. In other words, they’d likely want to try out a Bitcoin transaction if they knew how to do so.

We also had a few crypto users (around 10%) appear on the street show to round up the perfect reminder that we’re still early ‒ none of them admitted they owned Bitcoin or invested into it in any way.

Bitcoin (BTC) Price Performance

Coming back from the streets and hitting the crypto markets, Bitcoin has slowly crawled its way back above $11,000, posting a value of $11,024 at the time of writing.

Bitcoin (BTC) or USD

That price represented a 2.5% increase on the day as the leading cryptocurrency now has a market cap of $196 billion or 59.4% of the total market cap of all cryptocurrencies according to CMC.

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