For What—and How—Do People Use Bitcoin? Is bitcoin being saved? Spent? Stored? All of the above? In Week 3 of the Cornell Global Bitcoin Adoption study, we asked: What does it actually mean to “use” bitcoin? Across 24 countries: 💰 Most allocate less than 25% of their savings to bitcoin 💸 1 in 3 owners transact with bitcoin weekly 🔐 Most don’t understand the difference between custodial and non-custodial wallets What we found is that use varies by context. In some places, bitcoin is an investment. In others, it’s a lifeline. This isn’t just about transactions—it’s about beliefs, behaviors, and economic agency. 📙 Read Week 3 here:
Bitcoin may be for anyone, but, today, it’s not being adopted by everyone. Across 25 countries, we asked a simple question: Who actually owns Bitcoin? The answers reveal a clear—and uneven—pattern shaped by trust, identity, access, and need: - ✅ Owners are more likely to be men, aged 30–44, working in the private sector - 🇯🇵 In Japan, 88% have never owned Bitcoin - 🇸🇻 In El Salvador, just 28% say the same The numbers tell a powerful story. Let’s unpack who’s in, and who’s still left out. 📙 https://www.cornellbitcoinclub.org/blog/week2
A majority of people say they’ve heard of bitcoin. Very few can explain it. Awareness ≠ knowledge ≠ understanding. Bitcoin has a branding moat, not a knowledge base. 📌 85% (290M) of Americans say they’ve heard of bitcoin. 📌 38% (128M) of Americans feel knowledgeable about bitcoin. 📌 6% (20M) of Americans know there will only ever be 21 million. Even in bitcoin-forward nations, its core property is nearly universally unknown - even among users. This week, we explore the gap between awareness, knowledge, & understanding and why it matters. 📙 https://www.cornellbitcoinclub.org/blog/week1 image
📢 Over the next 10 weeks, we’re sharing findings from one of the most comprehensive global studies ever conducted on bitcoin and financial freedom supported by Human Rights Foundation (HRF) and The Reynolds Foundation. ✅ 25,000 people 🌍 25 countries 📊 250 interviews 1️⃣ question: What does bitcoin reveal about the state of trust, agency, and economic possibility in the world today? For the first time in recent history, we’re watching a monetary system spread not by force but by choice. Not through war. Not through colonization. Not through central banks or capital controls. But through voluntary adoption, one phone, one wallet, one person at a time. What does that mean for the future of money and freedom? 🔗 Read more: https://www.cornellbitcoinclub.org/blog/week0-setting-the-stage #Bitcoin #BitcoinResearch #BitcoinAdoptionStudy #FinancialFreedom #LayerZero image
⚡ Bitcoin as a Medium of Exchange: How Lightning Payments Are Changing the Game ⚡ Wednesday, we had the incredible opportunity to host @MiyaharaUmi (Cornell ‘08), Business Development Lead at @Breez ⚡️, at @Cornell Bitcoin Club Club! Umi shared invaluable insights on how Bitcoin is evolving beyond a store of value into an everyday medium of exchange, powered by the Lightning Network. Key Takeaways from Her Talk: 1. Bitcoin as a Medium of Exchange & Reserve of Value
2. How Lightning Network enables fast, low-cost Bitcoin transactions
3. B2B Bitcoin Payments—More businesses integrating Lightning
4. Real-world use cases (can be unique!): We tested Lightning payments by sending sats to a goat feeder live on camera—instantly rewarding happy goats with snacks! 🐐🐐 5. @Breez ⚡️'s Open-Source SDK Huge thanks to @MiyaharaUmi for sharing her expertise and inspiring our members to explore Bitcoin’s potential as a medium of exchange! #Bitcoin #LightningNetwork #CornellBitcoinClub #Breez #BitcoinPayments