Assertion Partly supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

PK Banks: 70% know about cryptocurrency but only 5% own any

PK Banks · #40 Three Startups Enter. Only One Will Leave. · Mar 3, 2025 · at 13:05

PK Banks pitches C-Blocks, a physical starter kit for purchasing cryptocurrencies, to investors on The Pitch.

0:00 / 0:08exact quote · 8.6s

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“In developed economies, 70% of people know about cryptocurrency, and yet only five percent own any.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

In developed economies, 70% of people are aware of cryptocurrency, while only 5% own any.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The claim cites round figures that approximate historical survey benchmarks in developed economies, but both figures diverge somewhat from contemporary data near the time of the March 2025 statement. Historical surveys (such as the 2018 ING International Survey and the Bank of Canada's 2018–2020 studies) found European awareness at roughly 66% and Canadian crypto ownership at 5%. However, by 2023–2025 across major developed economies (the U.S., UK, and Canada), awareness had risen to 88%–93% (Pew Research, UK FCA, Bank of Canada) and ownership had increased to roughly 8%–14% (Federal Reserve, UK FCA, Gallup, Bank of Canada). The statement captures the general macroeconomic dynamic (high awareness, low single-to-low-double-digit ownership), but understates both contemporary awareness and ownership rates.

ING International Survey (June 2018) reported 66% awareness across 13 European nations and 8%–9% ownership.
Bank of Canada longitudinal data reported 5% ownership between 2018 and 2020, which increased to ~10% by late 2023 (published March 2025).
UK FCA Cryptoassets Consumer Research (2024/2025) recorded 91%–93% awareness and 10%–12% ownership among UK adults.
Pew Research Center (2023/2024) found 88% awareness and 17% lifetime engagement among U.S. adults, while Federal Reserve (2023–2025) surveys found 7%–10% active ownership/use.

Checked against

[1] ing.com [2] emerald.com [3] bank-banque-canada.ca [4] bankofcanada.ca [5] fca.org.uk [6] regulationtomorrow.com [7] consensys.io [8] blockworks.com

cryptocurrency awareness ownership statistics 70 5 survey "Financial Conduct Authority" cryptoasset consumer research awareness ownership "ING" "Cracking the code on cryptocurrency" 2018 percentages "ING International Survey" "Cracking the code on cryptocurrency" "awareness" OR "heard" OR "own" "Bank of Canada" "Bitcoin Omnibus Survey" awareness ownership ING international survey cryptocurrency awareness ownership 70 5 cryptocurrency awareness 70 percent ownership 5 percent developed economies Pew research cryptocurrency awareness ownership developed economies

assessed as of 2026-09-03

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

cryptocurrency developed economies

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PK Banks: 70% know about cryptocurrency but only 5% own any

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