Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins are stored in a digital wallet, which is like a virtual bank account that allows users to send or receive bitcoins and pay for goods or services. Bitcoin is anonymous, meaning that, while transactions are recorded in a public log, the names of buyers and sellers are never revealed.
26% Yes |
74% No |
21% Yes |
61% No |
5% Yes, but it should not replace our national treasury-backed currency |
6% No, it provides too high of risk for criminal activity |
0% Yes, and all countries should switch to a blockchain currency like Bitcoin |
5% No, classify it as a commodity |
3% No, and it has no intrinsic value |
See how support for each position on “Bitcoin” has changed over time for 55.3k UK voters.
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See how importance of “Bitcoin” has changed over time for 55.3k UK voters.
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Unique answers from UK users whose views extended beyond the provided choices.
@8JWMNZW3yrs3Y
No they should create their own crypto currency
@8JSPHMC3yrs3Y
Yes, and they should increase their funding by setting up their own farms.
@8HX84P34yrs4Y
The UK government has no business giving cryptocurrencies labels. They are decentralised and cannot be controlled.
@8HVV6SH4yrs4Y
Yes, when there are more regulation and protections against criminal activity
@8D2FGC34yrs4Y
No, bitcoin prices are too volatile
@8CX7CGW4yrs4Y
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