A survey indicates that 70% of the Polish population owns Bitcoin.

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A survey indicates that 70% of the Polish population owns Bitcoin.

BitBay recently conducted a survey targeting cryptocurrency users in Poland, aiming to understand the "main groups of cryptocurrency users" and "cryptocurrency payments for consumption."

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According to a report, BitBay was founded by Sylwester Suszek on March 29, 2014, and is the first cryptocurrency exchange in Poland, currently serving over 800,000 customers with a staff of over 200 people.

The survey involved 2,582 respondents, with over 90% being male due to the low number of women in the cryptocurrency field. More than 50% of respondents were under the age of 40, with the oldest respondent being a male between 31 and 35 years old. Most respondents owned multiple currencies, with Bitcoin being the most popular among over 70% of respondents, and over 50% of people owning more than four different cryptocurrencies, including approximately 30% who also had ETH, Ripple (XRP), and Lisk LSK.

Although the vast majority of respondents did not use cryptocurrency for payments, 90% of them considered digital currency to be a secure way of transacting. Only 25% of people had made at least one daily purchase. Among them, 15% bought electronics, 3% bought food, and 2% used it for food purchases while traveling.

Consumption of electronics and food is also a preferred payment category for the future. Over 50% of respondents expressed interest in using cryptocurrency to "pay for car services." Despite the evolving regulatory policies regarding cryptocurrency in Poland and Central Europe, acceptance among the majority of younger age groups remains high.

The final question tested people's confidence – with over 90% believing that cryptocurrency payments will become increasingly popular.


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