Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins are stored in a digital wallet, which is like a virtual bank account that allows users to send or receive bitcoins and pay for goods or services. Bitcoin is anonymous, meaning that, while transactions are recorded in a public log, the names of buyers and sellers are never revealed.
30% Yes |
70% No |
25% Yes |
64% No |
6% Yes, but it should not replace our national treasury-backed currency |
3% No, classify it as a commodity |
0% Yes, and all countries should switch to a blockchain currency like Bitcoin |
2% No, it provides too high of risk for criminal activity |
1% No, and it has no intrinsic value |
See how support for each position on “Bitcoin” has changed over time for 558 Philippines voters.
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See how importance of “Bitcoin” has changed over time for 558 Philippines voters.
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