Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


New UK Survey: 3 Million Have Invested in Crypto, Few With Advice

New UK Survey: 3 Million Have Invested in Crypto, Few With Advice

Support free writers: > send a tip

written by

A new study in the UK has revealed up to 3 million people have invested in Bitcoin in the country through online trading platforms.

The research conducted by London investment house IW Capital, and quoted in the British press, also revealed that only 5 percent of those investing had taken any kind of professional advice before taking the plunge. Further, 2.5 million investors made their commitments without fully understanding cryptocurrency.

The Daily Express reported that total of 38% of the survey’s sample of 2,007 respondents claimed that they didn’t understand cryptocurrency and a third thought it was a bubble about to burst, although no data regarding the levels of knowledge among the larger portion of those polled was published.

IW Capital maintains there is an underlying lack of knowledge in British society regarding the subject of cryptocurrency despite the large numbers investing. The firm’s Chief Executive Officer, Luke Davis, also commented:

“It is shocking, but not surprising, to see so much confusion around the topic of cryptocurrency. I do not believe this is a reflection of UK investors’ risk profile, as a positive appetite for alternative finance remains, but to see that investments have been made without the proper financial advice and a lack of facts and education is very concerning.”

Other revelations which came from the survey were that 7 percent of participants thought cryptocurrencies were more valuable than traditional stocks and shares and that only 5 percent of those investing claimed to have gained financially from the experience.

A further report published this week suggests that digital currency prices are largely driven by a phenomenon known as “crowd psychology”. “This field relates to the behaviors and thought processes of both the individual crowd members and the crowd as an entity. Crowd behavior is heavily influenced by the loss of responsibility of the individual and the impression of a universality of behavior, both of which increase with crowd size,” according to Wikipedia.

Meanwhile, the technology behind cryptocurrencies is burgeoning in the UK. The country is known as a driving force in blockchain research and the spread of solutions is being utilized by numerous companies, as the country becomes one of the world’s most significant and dynamic fintech hubs.

Follow on Twitter at @BitcoinNewsCom

Telegram Alerts from at

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter