According to multiple surveys, practical use of Bitcoin holders faces challenges in real-world applications and everyday transactions, highlighting the need for improved infrastructure and user education to facilitate broader adoption.

robot
Abstract generation in progress

As the growth of the cryptocurrency market accelerates, interesting realities are coming to light. According to a survey conducted by Bitcoin mining company GoMining, over 55% of Bitcoin holders rarely or never use cryptocurrencies. On the other hand, the same survey reveals that approximately 80% of respondents support broader Bitcoin adoption and believe in its potential as a payment method.

Insights into Bitcoin Holders’ Actual Behavior

According to ChainCatcher, the gap between holding and actual usage is due to multiple factors. The main challenges pointed out by survey participants include limited availability of stores that accept Bitcoin, high transaction fees, and concerns about privacy and security. These factors are likely creating psychological barriers to using Bitcoin as a payment method.

Mark Zaran, CEO of GoMining, states that users seek a seamless experience when using cryptocurrencies and desire systems that reward spending. In other words, merely functioning as a payment method is not enough; a design that offers tangible benefits to users is necessary.

Market Data Suggests Growth Potential

Despite these challenges, the market itself is experiencing steady growth. Data from Artemis shows that the monthly transaction volume of Bitcoin payments has surged from $100 million at the beginning of 2023 to $1.5 billion by the end of 2025, indicating ongoing improvements in payment infrastructure.

This growth trend suggests that holders recognize potential needs, and if the right environment is established, their willingness to use Bitcoin could increase. The high support rate of 80% among respondents indicates that the foundational user base’s expectations are being steadily built. Moving forward, addressing issues such as lowering fees, expanding merchant acceptance, and strengthening security could further accelerate the adoption of Bitcoin payments.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)