NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Survey: 60% of Britons Not in Favour of a Bank of England-Backed Cryptocurrency

newsbtc
newsbtc
7 years ago
2 mins read
Cryptocurrency

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A new survey has found that a majority of Britons would not support a cryptocurrency that was backed by the Bank of England (BoE).

Britons Think Bitcoin Will Decrease or Collapse in Six Months

The survey, conducted by market research and polling company D-CYFOR, found that 60 percent of those surveyed indicated that they would not be in favour of a BoE-backed digital currency. Notably, though, the research also found that 93 percent of Britons have now heard of bitcoin, due in part to the rapid rise in the digital currency’s value toward the end of 2017 and its subsequent fall at the beginning of the year.

Interestingly, whereas one-third of respondents said that they would be ‘more likely’ in invest in bitcoin if the government regulated the space, 56 percent stated that new rules in place wouldn’t necessarily be enough to make them change their minds, reports the Express.

According to the survey, the projected view of bitcoin doesn’t look too good among the survey participants. Of those questioned, 61 percent are of the opinion that bitcoin will decrease in value or collapse within the next six months. Given the fact that bitcoin experienced the worst first quarter of 2018, making it its second worst quarter in history, it’s unsurprising that a high percent don’t see a bright future for bitcoin.

Despite this, though, one cryptocurrency expert expects to see a rally in price during the second quarter.

The survey also asked respondents what other digital currencies they would consider investing in. It found that ethereum was placed second, with 20 percent of votes, followed by bitcoin cash, with 14 percent. Ripple came in at six percent and litecoin at five percent. The research found that those who were thinking about or who have invested in bitcoin would not put their money into another cryptocurrency.

According to Mark Carney, the Governor of the Bank of England, he believes that digital currencies such as bitcoin should be held to the same standards as the traditional finance system. In March, he expressed the view that cryptocurrencies had ‘extreme volatility‘ and that they lacked any intrinsic value or external backing. As a result, he stated that they had failed as a form of money due to this.

Interestingly, he also said that while the BoE wasn’t considering a central bank digital currency in the near future, it was open to the possibility of one sometime in the future. Carney may have to reconsider this considering the majority of people not in favour of BoE-backed cryptocurrency.

Image from Shutterstock.
Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin-dominance-altcoin-season

Bitcoin dominance sous les 60 % : l’Altcoin Season est là

Il y a des chiffres qui tombent comme des couperets. Ce matin de fin août 2025, la dominance de Bitcoin...

guillaumev 4 hours ago
Ethereum

Whales Load Up On Ethereum, But Analysts Fear $4K Dip Ahead

Ethereum showed fresh buying pressure this week after reports that a major Bitcoin whale dramatically increased its Ether holdings, a...

Christian Encila 4 hours ago
bitcoin

Μπορεί το Bitcoin να επιστρέψει στις $120.000; Τι δείχνουν οι κινήσεις στην αγορά

Το Bitcoin βρίσκεται μπροστά σε μια κρίσιμη καμπή, με την τιμή του να κυμαίνεται γύρω από τις $108.000 και τα...

Ιωάννης Ριζόπουλος 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says

Scott Matherson 1 hour ago

Prevendita PepeNode: Cosa C’è da Sapere

Orfeo Barone 1 hour ago
Bitcoin whale news

Bitcoin Whale Dumps Billions For ETH, But $5 Billion Selloff Still Looms

Jake Simmons 2 hours ago

Premium Sponsors

Press Releases

  • アルトコインシーズンで急騰中の3つの注目トークン – 次の億万長者を生む可能性

    ...

    26 minutes ago
  • イーサリアム新高値に注目:買い時の売られすぎアルトコイン3選

    ...

    46 minutes ago
  • 2025年に急成長が期待されるミームコインの新星

    ...

    1 hour ago
  • ビットコイン...

    2 hours ago
  • Arthur Hayes ujawnia 3 altcoiny na 100× do 2028 r.

    Arthur Hayes ujawnia 3 altcoiny na 100× do 2028 r.

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.