Germany's Finance CEOs Don't Think Bitcoin Will Go Mainstream

95% of financial experts surveyed believe that cryptocurrencies will struggle to survive within the next ten years.

Dec 7, 2015 at 6:03 p.m. UTC
Updated Sep 11, 2021 at 12:01 p.m. UTC

A German telecommunications trade organization has published a new survey that shows little enthusiasm for bitcoin among financial executives.

The survey, carried out by the research arm of the German Association for Information Technology, Telecommunications and New Media (Bitkom), was put to 77 CEOs and 25 members of the board from a series of German financial services.

95% of those surveyed believe digital currencies like bitcoin will see niche applications in the next ten years. Two percent of respondents said they believe bitcoin will become an widely accepted payment method, with the remaining 3% arguing that bitcoin will disappear by 2025.

The survey was conducted in July, the organization told CoinDesk.

The findings come after another Bitkom survey, carried out earlier this year, found that 36% of German consumers would be willing or interested in potentially purchasing bitcoin, while 53% of 14-29 year olds would do the same.

The survey release comes a head of the trade organization's The Hub conference, which is scheduled to take place in Berlin on 10th December.

The event, which includes a panel on bitcoin and blockchain technology, will showcase disruptive technologies and digital trends and will include speakers from HP, Airbnb and Deutsche Telekom.

Image via Shutterstock


Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
CoinDesk Cardano Price Index (ADX)

CoinDesk - Unknown
2
CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)

CoinDesk - Unknown
3
CoinDesk - Unknown
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

CoinDesk - Unknown
4
CoinDesk - Unknown
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

CoinDesk - Unknown