Most Americans Don't Know Bitcoin While Some Guess Xbox

Bitcoins
A pile of Bitcoins. Photographer: George Frey/Bloomberg

Dec. 13 (Bloomberg) -- 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 Xbox game, while another 6% say it’s an

iPhone app; 46% say they have no idea what it is * Telephone survey of 1,004 Americans has margin of error of

plus or minus 3.1 percentage points and was conducted by Des

Moines, Iowa-based Selzer & Co. * Introduced in 2008 by a programmer or group of programmers

under the name Satoshi Nakamoto, Bitcoin gained credibility

after law enforcement and securities agencies said in recent

U.S. Senate hearings that it could be a legitimate means of

exchange

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