Poll: Bitcoin More Popular With Czechs than the Euro

"I must say yes, Czech is crypto nation :)" but regulation this maybe change :(

Czechs are more inclined to store value in cryptos than in euros, according to a new poll gauging attitudes toward currencies other than the koruna. When asked about their intentions to acquire foreign cash, twice as many respondents said they were interested in buying bitcoin than purchasing US dollars.

Czechs are still wary of cryptocurrencies, according to the survey. Nevertheless, cryptos, like bitcoin and ethereum, have become the most popular currencies, when it comes to investment opportunities. Almost 11% of the respondents in an Ipsos poll admitted they were thinking about acquiring digital coins. Fewer Czechs said they would consider buying euros – 10.3%.

Last year the Czech National Bank tried to downplay the importance of cryptocurrencies and their potential to marginalize traditional money. The financial authority claimed there was no reason for banks to fear bitcoin. A “good currency”, CNB argued, has a stable purchasing power. All bitcoin transactions in the world amount to only 16% of the electronic transactions conducted in the Czech koruna, the bank noted.

A couple of months ago Czech media reported the first sale of real estate for bitcoin in the country. A Russian citizen bought an apartment in Prague for 35 bitcoins. “One of his conditions was to pay with bitcoin”, Jaroslav Kováč, founder of the company that sealed the deal, told Hospodářské noviny. The realtor also said he was negotiating other sales in bitcoin with interested Czech and foreign clients. Earlier last year the largest online retailer in the country started accepting bitcoin… Now, is this a “good currency” or what?