Bitcoin Price Index (24h)

Last updated on Dec 11, 2016 at 09:54 GMT. Based on the following values:

USD
Bitstamp $769.45
OKCoin $763.73
Coinbase $770.04
itBit $766.90
CNY
BTC China ¥5,356.75
OKCoin ¥5,357.63
Huobi ¥5,190.29

USD -0.74%

$767.53

CNY -0.66%

¥5,301.55

EUR

€726.66

GBP

£610.41

Who Really Uses Bitcoin?

Buy for $100.00

Executive Summary

Bitcoin is a decentralised technology with a highly autonomous and fragmented user base. Unlike technology concepts promoted by individual companies or organisations, bitcoin isn’t controlled by any one entity and the people that advocate for it are often driven by different agendas. Bitcoin has its engineers, its libertarians, its speculators and its social progressives. It has a thousand different voices.

Bitcoin, the first form of modern cryptocurrency with a decentralised network of autonomous users, is by far the most popular form of cryptocurrency in existence – but who are those users?

CoinDesk sought to find out more about this unique user base by conducting a survey. The project attempted to pinpoint the demographics of bitcoin, to test commonly-held assumptions in the media that it is a community dominated by young, white males with a technical background. But more than that, this report attempts to identify ways in which the community that specifically uses the bitcoin cryptocurrency can expand its reach, moving beyond the current demographic and exploring new groups, with different cultures, economic status and needs.

This report will appeal to a variety of people, including entrepreneurs looking for new business opportunities in bitcoin and policymakers who may be interested in charting the potential of cryptocurrency and blockchain technology. It will also appeal to incumbent financial services businesses, who may wish to understand bitcoin’s future possibilities and current limitations in terms of audience and scope.

In addition to analysis of nearly 4,000 responses from around the world, the report also features commentary from several key figures in the bitcoin community including representatives from the non-profit, exchange and venture capital worlds, in addition to economists and experts in emerging markets. It aims for a diversity of voices.

Report published: 10th June 2015

Table of Contents

  1. Executive Summary3
  2. Introduction4
  3. Who Is The Typical Bitcoin User?5
  4. The Need For Diversity19
  5. Building A More Accessible Bitcoin20, 21
  6. Redressing The Gender Imbalance27
  7. Broadening The Gender Demographic29
  8. Bridging The Geographic Divide33
  9. Drivers For Cryptocurrency In Emerging Markets36, 37
  10. How To Encourage Activity In Emerging Markets37
  11. Alternative Use Cases40
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