Americans Clueless About Bitcoin as Some Confuse With Xbox Game

cryptocurrency,bitcoin,iphone,government,regulation,well-spent,personal-finance,future-innovation,consumer-discretionary

Bitcoin

iPhone

Cryptocurrency

Des Moines

Markets

Finance

Politics

Government

Regulation

Luxury

Americas

Well Spent

Consumer Discretionary

United States

Personal Finance

Technology

Future Innovation

Bitcoins

Some Americans think Bitcoin is an Xbox game, others think it might be an iPhone app, majority have no idea it’s a virtual currency they can use to buy everything from T-shirts to Tesla Motors sedans, according to a Bloomberg National Poll. Only 42% of Americans who responded to the Dec. 6-9 telephone survey correctly identified Bitcoin, which has gained more than 80-fold in value this year as its popularity expands Asked to choose from a list, 6% of those polled say they think Bitcoin is an Xbo

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.