{"id":2844,"date":"2026-05-22T15:13:33","date_gmt":"2026-05-22T12:13:33","guid":{"rendered":"https:\/\/btchel.com\/?p=2844"},"modified":"2026-05-22T15:17:16","modified_gmt":"2026-05-22T12:17:16","slug":"that-nordic-bitcoin-adoption-survey-from-k33","status":"publish","type":"post","link":"https:\/\/btchel.com\/fi\/that-nordic-bitcoin-adoption-survey-from-k33\/","title":{"rendered":"That Nordic Bitcoin Adoption Survey from K33"},"content":{"rendered":"

The Norwegian-listed financial service company K33, focused on serving institutional clients in the Scandinavian crypto world, recently released its annual Nordic Crypto Adoption Survey<\/a>. The company’s research arm, K33 Research, has released these types of survey-based inquiries into Nordic crypto usage and adoption for a few years now and, as always, they seem very hopeful and optimistic about the Nordic region.

<\/p>\n\n\n\n

K33 itself mostly made news waves in the Bitcoin world last year with its somewhat unsuccessful participation in the Paper Bitcoin Summer craze<\/a>. With some mid-100s<\/a> BTC on its balance sheet<\/a> (bitcointreasuries.net says 141, the company’s Q1 investor report<\/a>, released yesterday, states 168 of BTC “exposure”), mostly acquired in July last year, the company stopped acquiring more coins as BTC\/USD prices turned down and the mNAV arbitrage playbook stopped working. <\/p>\n\n\n\n


That is, its financialization effort didn’t pan out, and now the company is pivoting to other market lines, including collateralized loans.

<\/h2>\n\n\n\n

The report itself, authored by K33’s Head of Research Vetle Lunde<\/a>, is fairly comprehensive, or at least as well done as can be expected for information-gathering efforts such as these. The 130-page report is filled with graphs and numbers covering crypto users in Finland, Sweden, Denmark, and Norway (plus a public presentation on Iceland<\/a>, which it covered for the first time this year).

Surveys, generally speaking, have well-known scientific and statistical problems, particularly in noisy environments where people aren’t exactly eager to answer them. The problem gets orders of magnitude worse in the Bitcoin (and broader crypto) space where privacy is cherished and there’s no upside to confessing and advertising one’s holdings.

To be polite about it, what the survey finds is not<\/em> at all<\/em> representative of the population it is trying to describe.<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

Having said that, here are some of the juicier headline results:
<\/p>\n\n\n\n