Amárach Research in collaboration with communications firm Red Flag recently conducted a study and the findings indicate that quite a significant number of the Irish citizens have lately been seeing cryptocurrencies in a positive light. According to one of the researchers, the survey interviewed 1,000 Irish citizens who were 16 years and above.
Recent developments
There has been a great need to examine Irish engagement with the wide range of the financial innovations and it goes without saying that the recent poll is a major step forward towards achieving this objective.
From the study, there are about 120,000 Irish citizens who at this point in time own cryptocurrency. That highlights an increase by a margin of about 300%.From the estimates, there are about 180,000 Irish citizens who have so far been able to own BTC.
A person following closely on the latest developments has outlined that the general 180,000 Irish citizens has moved a notch higher. According to him, the significant media coverage in the previous year has played a major part in getting matters to where they currently stand. About 85% of respondents have come out clearly to state that they were well familiar with what Bitcoin and all that it entailed.
Other reports indicate that the millennials are three times more likely to own cryptocurrencies as compared to the average persons and it is a matter that has resulted in major debates from across the world.
The uptick in the Irish crypto user adoption
The major uptick in the Irish crypto user adoption is great news to the industry which is looking forward to taking over the world in years to come. The chairman of Amárach Gerard O’Neill has outlined that Cryptocurrency advocates still have got much more top accomplish and it is time to focus into the future. According to him, a proper focus is what is required in order to succeed on the quest to drive higher adoption in Ireland.
The managing director of Red Flag Ireland Deirdre Grant while speaking in relation to the latest developments outlined that the fast-growing sector in Ireland was a good thing and it inspired greater hope in the future.
