Bitcoin is slowly gaining more notoriety as the currency is adopted as an acceptable form of payment by a growing number of merchants.
However, the cryptocurrency is still struggling become a household name as its use remains confined to a small percentage of the population.
A recent study by CoinDesk showed that although the cryptocurrency has gained some traction, rich, white males still make up the majority of bitcoin's user base.
Young People Prefer Bitcoin
A survey entitled "Who Really Uses Bitcoin" showed that the vast majority of bitcoin users were still young people aged between 25 and 34. Responses from 3,515 bitcoin users showed that nearly 60 percent were under the age of 35.
Women A Minority
The figures also indicated that women are still reluctant to use cryptocurrencies; more than 90 percent of the people surveyed were male. However, the report pointed out that the number of bitcoin savvy women who responded was marginally higher than in previous surveys, suggesting that initiatives aimed at getting the cryptocurrency into women's hands could be working.