Saylor Bitcoin Twitter Person of the Year – Crypto
According to a Crypto survey, Bitcoin users place more importance on a politician’s BTC policies and agenda than their party. More than 72% of respondents said they would vote for a pro-Bitcoin candidate even if they were not a member of their preferred political party.
The first edition of Crypto’s annual survey, which collected responses from more than 6,600 Bitcoin holders between August 15 and October 19, 2022, also found that the majority of them consider themselves Bitcoin maximalists (56.2%). However, more than 68% of respondents also own other cryptocurrencies. Interestingly, 60% of respondents said they would prefer to buy products from companies that only use Bitcoin.
The purpose of the survey is to gather feedback from the community on Crypto’s existing content and to better understand user preferences. The survey highlighted several interesting aspects of the Bitcoin community and its members.
Three-quarters of respondents buy bitcoin on regulated exchanges, with Binance (34.8%), Coinbase (20.6%), FTX (7.4%) and Kraken (6.6%) being the top choices. Of course, FTX’s preference falls close to zero after the stock market goes bankrupt, less than a month after the survey. Peer-to-peer (P2P) trading, which is more similar to Bitcoin’s intended transaction without intermediaries, proved to be a strategy for only 18.7% of surveyed users.
The adoption of the Lightning Network, Bitcoin’s overlay network, for faster and cheaper transfers has proven to be powerful. 70.4% of all respondents said they have made at least one Lightning payment. Wallets preferred by users were Wallet of Satoshi (27.1%), Muun Wallet (25.4%) and Blue Wallet (23.7%).
As for mining, participation was unsurprisingly more subdued. Probably due to the technical complexity of setting up an ASIC miner at home, only 12.6% of respondents said they mined bitcoin at home. This is about half of the share of those who operate their own nodes – more than a quarter of the respondents (24.5%).
The survey revealed that the majority of respondents manage their BTC with their own hands, 62.3% of users. The preferred hardware wallets are Ledger (43.7%), Trezor (16.4%) and Coldcard (10.2%).
When it comes to acquiring and consuming industry information, according to the survey, Twitter is the main channel, with 28.1% of respondents saying it was their primary source of information. Respondents chose Michael Saylor as Twitter Personality of the Year (48.9%), followed by Yellow (10.1%) and Natalie Brunell (8.7%). Podcasts came in second place (26.4%), with Peter McCormack’s “What Bitcoin Did” being the most popular. Video came in third (22.2%). Although not many respondents mentioned books as their main source of information, the most widely recommended text on Bitcoin was The Bitcoin Standard by Saifedean Ammous.
When the store passes on Satoshi’s torch, according to the survey, most Bitcoin users introduce bitcoin to their friends (70%), while some share the good word with their parents (31.5%). Only 17.3% of respondents did not support Bitcoin at all and preferred to remain silent on the matter.