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A UK survey spanning business owner-managers and entrepreneurs in the region revealed a few takeaways of their outlook on bitcoin.
A majority of the respondents to the Smith William Enterprise Index survey that polls entrepreneurs and owner-managers in the UK said bitcoin will fail to become a widely accepted payment method, reports UK publication City AM.
The quarterly survey polls business-owners to gauge their views on industry affairs. 61% of respondents to the poll also said they did not see the cryptocurrency having a “big impact” on the predominant payment methods or major currencies, in the past five years.
Speaking to the publication, Fergus Caheny, partner in investment management at Smith Williamson stated:
Once heralded as the currency of the future, bitcoin has taken severe hits to its reputation and popularity over recent years.
He further added:
Whilst still having its place, as an international currency and within certain