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Poll: How Has Accepting Bitcoin Impacted Your Business?
The latest CoinDesk survey aims to gauge the success bitcoin has brought to members of its merchant ecosystem.
By CoinDesk
Updated Sep 11, 2021, 10:32 a.m. Published Mar 17, 2014, 1:58 p.m.
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Merchants: Click here to fill in our brief poll
If 2013 was defined by the thousands of small merchants turning to bitcoin and other digital currencies for their low transaction fees, dedicated community and international appeal, 2014 has shown that larger businesses are now eager to capitalize on this value proposition.
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Led by big-name online retailers like Overstock, Fancy and TigerDirect, industry insiders are becoming even more bullish in their predictions for merchant adoption.
Coinbase co-founder Fred Ehrsam has predicted that 10 $1bn retailers will join the bitcoin network by the end of 2014. Likewise, the list of smaller merchants on sites like Coinmap grows everyday.
At press time, more than 3,000 physical global merchants were accepting the digital currency for everything from coffee to clothing, and many thousands more are expected to be added to the map by the end of year.
Still, as anyone who has fumbled over a QR code knows, bitcoin's merchant tools aren't foolproof just yet, and many unanswered questions remain about how bitcoin impacts businesses in the weeks and months after the initial rush of excitement dies down.
With this in mind, CoinDesk is embarking on its first large-scale survey of bitcoin-accepting merchants with the goal of revealing how bitcoin has impacted their business on a range of topics, from new customer acquisition to sales.
If your business accepts bitcoin, fill in our survey by clicking the link below. If you're a bitcoin enthusiast, please help us spread the word and encourage bitcoin-accepting merchants to complete the survey.
Merchants: Click here to fill in our brief poll
Small business owner image via Shutterstock
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‘Bitcoin to zero’ searches spike in the U.S., but the bottom signal is mixed
Google Trends data shows the term hit a record high in the U.S. this month, though global interest has fallen since peaking in August.
Ano ang dapat malaman:
- U.S. searches for “bitcoin zero” on Google hit a record high in February as BTC slid toward $60,000 after hitting a peak in October.
- In the rest of the world, searches for the term peaked in August, suggesting fear is concentrated in the U.S. rather than worldwide.
- Similar U.S. search spikes in 2021 and 2022 coincided with local bottoms.
- Because Google Trends measures relative interest on a 0-to-100 scale amid a much larger bitcoin user base today, the latest U.S. spike signals elevated retail anxiety, but does not reliably guarantee a clean contrarian reversal.
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