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Summary:

Instead of trying to approximate the prospects of Bitcoin, the online-audience analysts from Quantcast have come up with some data on the common demographics of Bitcoin users.

Bitcoins

Rather than speculate on the future of the Bitcoin, the online-audience-describing people over at Quantcast got a novel idea: trying to figure out who actually uses the international digital currency.

In case you were wondering, it’s not just the super-rich who appear to engage in Bitcoin. While 26 percent of Bitcoiners rake in $150,000 or more in annual income, the biggest group, 52 percent, makes less than $50,000, according to findings visualized Friday on the Quantcast’s I.Q. blog.

Income of Bitcoin users, via Quantcast I.Q. blog

Income of Bitcoin users, via Quantcast I.Q. blog

Age and income of Bitcoin users, via Quantcast I.Q. blog

Age and income of Bitcoin users, via Quantcast I.Q. blog

Bitcoin users are overwhelmingly male — 88 percent. The biggest age group is 25-34. It’s possible they attended engineering-heavy schools like the Massachusetts Institute of Technology and the Rochester Institute of Technology. Tech terms such as “Raspberry Pi,” “open source” and “command line” are popular with Bitcoiners.

But that’s now. Perhaps the core Bitcoin audience will shift if the currency’s volatility ever levels out.

  1. Next, they should try to figure out what demographic of bitcoin users SPEND bitcoins on things other than Silk Road.

    The greatest majority of bitcoin users are buying and selling purely for speculation.

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  2. bitcon. con men conning other greedy con men.

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