#Bitcoin Adoption Could Be Boosted By Surging China Demand
Bitcoin and cryptocurrency adoption has failed to support the bitcoin price this year, with fears around sluggish bitcoin uptake weighing on investors and companies in the crypto space.
After bitcoin's epic bull run last year, many expected bitcoin and cryptocurrency use to explode in 2018, however, with delays to institutional investment and products, and many speculators eager to cash out and count their profits, bitcoin adoption appears to have stalled.
Now, a new survey out of China shows surging interest in the bitcoin and cryptocurrency, with many keen to invest in crypto in the future.
Bitcoin (BTC) is down 1.89% over the past 24 hours and is currently trading at $3,796.47 on Coinbase. BTC dominance is at 51.9% and the total cryptocurrency market cap is currently at $127.7 Billion.