Are crypto enthusiasts holding their digital currencies, like investments? Or are they actually using digital currencies as currencies?
To gain insight into the spending habits of digital currency users, BlockCard and Bitcoin Market Journal polled 35,000+ blockchain investors. The results were surprising.
Nearly 70% of digital currency users are spending them on products and services, including categories like food, housing, and education.
What’s more, digital currency users say they would spend even more, if there was wider acceptance of cryptocurrencies among merchants and retailers.
It is a very encouraging report for the crypto industry, and the first of its kind. Click here to download the full report.