• 28 Aug 2014 at 3:56 PM

Poor People Like Bitcoins More Than Less Poor People

Maybe it’s because the dollar economy has been so good to the 1%-ers. Maybe it’s because they’re spending too much time on waterskies in St. Barths to worry about such things as the gold standard, the world government under Denver International Airport or cryptocurrencies. Whatever it is, not too many people pulling in $100,000-plus are getting into the bitcoin game.

While people in households where the income is over $100,000 were more likely to have heard of bitcoin (70%) than those in lower-income households (43%), they were less likely to say they’d purchase bitcoins (11%) than those in households with incomes of less than $100,000 (19%).

Of course, it’s all splitting hairs, to a degree, what with 65% of people saying they’ll probably never use a bitcoin, but then, they probably also don’t know what Stephen Macaskill knows.

BitBeat: More People Know About Bitcoin, But Few Willing to Use It [WSJ MoneyBeat blog]

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Comments (3)

  1. Posted by spelchek | August 28, 2014 at 4:23 PM

    the sky in St. Barths is made of water? fancy!

  2. Posted by Guesty | August 28, 2014 at 7:45 PM

    Shazzy, the fuck is up with your interest in bitcoin? How about you spend what little time you do on this job and focus on stuff that's of interest to your readers?

    – DB old-timer

  3. Posted by guest | August 29, 2014 at 6:01 PM

    You mean fewer

    -UBS grammar quant