More than half of Australians think Elon Musk invented Bitcoin (BTC)

A popular Australian comparison site, Finder recently surveyed Australians about their knowledge of cryptocurrencies such as bitcoin (BTC). The research was reported on May 19 by David Swan of The Australian.

1,004 Australian respondents took part in the survey and apparently 56% of them think Tesla and SpaceX CEO Elon Musk is the original inventor of Bitcoin. This group of Australians has apparently never heard of Satosho Nakamoto, the pseudonym of the actual inventor. No wonder Musk has such a big influence on prices with his tweets.

In addition, the survey shows that 44% of the respondents are unaware that Bitcoin is scarce and has a limited supply of 21 million BTC. They think that Bitcoin, like fiat currency, has an unlimited supply.

Still, 25% of Australian respondents own or plan to invest in crypto this year. However, 20% of the respondents do not know how to buy crypto. Perhaps that is why Finder will soon launch a bitcoin trading service itself.

The bitcoin price and the rest of the crypto market are currently in a severe correction downward. Musk’s recent tweets as well as fake news about China may have contributed to market panic. Finder CEO Fred Schebesta is convinced that bitcoin will still rise to $ 250,000:

“The current dip will be short-lived. Bitcoin’s price moved because China said something, or Elon said something, or another government said something. ”

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