Bitcoin Can’t Fail – Majority of Americans and Australians Have Rose Tinted Glasses

What are the chances of millions of Americans and Australians all becoming crypto billionaires?  Seems like most Americans and many Australians think they can.

A recent poll suggests most US crypto users (approximately 70%) think they’ll become billionaires one day, while another survey indicates a third of Aussies have very high conviction in a rosy future for Bitcoin.

As Coinhead mentioned the other day, the world of crypto can sometimes seem like one big hopium-gas planet (or metaverse), and maybe this proves that point.

The US-related Harris Poll report, titled “Americans & Billionaires Survey”, was released in late August and passed us by until now, but some of its info is just too good to resist, especially considering the state of the markets right now.

Harris Poll surveyed nearly 2,000 Americans to get a sense of how they feel about billionaires, and 71% of the crypto investors polled said that they believe they “have the available tools to become a billionaire in the future”.

Whether those tools include: a large trust fund, a venture capitalist mate with hot tips, an inside into CeFi-token pump-and-dump groups, or just a hardware wallet and moon-lambo faith in finding the next Shiba Inu, isn’t something the survey covered.

The 71% crypto figure was especially high when compared with all the groups surveyed as a total, which came to 44%.

Probably unsurprisingly, the majority of those surveyed – 60% – would like to become a billionaire one day and look up to the likes of Elon Musk, Warren Buffett, Jeff Bezos etc etc.

However, 40% indicated that they despise people with that amount of insane wealth, while 70% think billionaires are essentially pretty irresponsible and should be doing more with their wealth to better society.

What, planning to literally send a dog meme coin to the moon in a SpaceX rocket is not bettering society?

One in three Aussies think Bitcoin will overtake fiat currency usage

Meanwhile, according to another prominent study – conducted by Finder – one third of Aussies believe Bitcoin will one day overtake fiat currency. And that’s despite the ongoing crypto bear market and crashing prices – which was very much prevalent when the study was conducted in June of this year.

The nationally representative survey of 1,001 Australians found that 33% expect Bitcoin to eventually be transacted more widely than fiat currency.

Some other takeaways from the Finder report: 

• Millennials (44%) and gen Z (43%) are more likely to share this sentiment. No surprises there!

• Nearly half (46%) of Australians believe Bitcoin is a legitimate investment, a figure that climbs to 60% among gen Z.

• However, more than half of respondents (59%) believe that Bitcoin is purely speculative – and that it doesn’t have ‘real’ value.

• While 71% think Bitcoin is a bubble that will eventually burst. And that’s a belief more strongly held by baby boomers (83%), which is also hardly surprising.