As Bitcoin reaches a new all-time high above $126,000, new data shows that most holders still haven’t explored Bitcoin Finance (BTCFi).
A survey by GoMining of more than 700 respondents across North America and Europe found that 77% of Bitcoin holders have never used a BTCFi platform.
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77% of Bitcoin Holders Haven’t Tried BTCFi
This finding highlights a major disconnect between the growing hype around BTCFi and its real-world adoption. The sector has attracted significant venture capital and media coverage, yet the majority of its target users remain untouched.
The GoMining survey reveals that interest in BTCFi’s core offerings—yield and liquidity—is high, but trust remains the critical barrier.
Around 73% of respondents said they want to earn yield on their Bitcoin through lending or staking, and 42% expressed interest in accessing liquidity without selling BTC.
However, more than 40% of participants said they would allocate less than 20% of their holdings to BTCFi products.
This conservative stance reflects broader trust and complexity issues facing the industry.
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A Bitcoin Education Problem
Perhaps the most revealing figure is that 65% of Bitcoin holders cannot name a single BTCFi project.
Despite millions in venture funding and an increasing number of conferences, BTCFi’s message has yet to reach its core audience—Bitcoin holders themselves.
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Industry experts argue this is not a user failure but a communication failure. BTCFi platforms have largely replicated Ethereum’s DeFi model, assuming familiarity that many Bitcoin investors simply do not have.
BTCFi Survey Findings. Source: GoMiningDifferent Users, Different Expectations
The survey supports a growing view that Bitcoin users are fundamentally different from DeFi users.
While Ethereum users embrace experimentation and composability, Bitcoin holders prioritize security, regulation, and simplicity.
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This difference explains why Bitcoin ETFs and custodial platforms have achieved mass adoption while BTCFi remains niche.
The timing of these findings is critical. Bitcoin’s surge to an all-time high reflects renewed institutional and retail interest in BTC.
Yet, the survey shows the financial layer around Bitcoin remains underdeveloped.
If even a fraction of holders deploy their BTC into yield or liquidity protocols, the BTCFi sector could unlock billions in dormant capital.
Source: https://beincrypto.com/most-bitcoin-holders-ignore-btcfi-survery-finds/
