Bitcoin is having wild swings in popularity. The virtual currency hit record highs over the last few months, only to see the value of Bitcoin come crashing down. The latest setback is the failure of Mt. Gox, perhaps the most popular Bitcoin exchange. The Japanese-based site abruptly shut down in February after apparently losing hundreds of millions of dollars worth of Bitcoin.
THELAW.TV polled 500 Internet users to find out whether they feel comfortable investing in Bitcoin. A strong majority said, no, they don't feel comfortable investing in the volatile virtual currency.
Here are the results of THELAW.TV's poll:
83% of Americans say, no, they don't feel comfortable investing in Bitcoin
17% of Americans say, yes, they do feel comfortable investing in Bitcoin
Here are some comments from the poll respondents:
- No. The most prominent Bitcoin exchange appeared to be on the verge of collapse, raising questions about the future of a volatile marketplace.
- Not at all. Just read two articles about websites that either went dark or were mined by bots and money was stolen.
- If I had the money to invest, I would.
- I almost did when it was valued at like $10 per Bitcoin. Wish I did.
- Already have some. It's promising, but the traders and greedy exchange owners ruin its reputation.
THELAW.TV's survey was conducted on Thumb using a demographically balanced internet-based survey of 500 American adults and has a margin of error of plus-or-minus 4.9 percent.
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