38 percent of respondents said they’d either invested in or bought a cryptocurrency, while 84% heard of a minumum of one cryptocurrency, with 64% pointing to bitcoin (BTC), Skrill said in a statement shared with Cryptonews.com.
Consumers’ knowledge and understanding of cryptocurrencies as a financial asset appear sharply divided, with 47% agreeing or strongly agreeing that they don’t know enough about them for use or investment, while 38% considered them too risky for investment overall,” Skrill found, adding that 28% already “believe that cryptocurrencies are a good investment for the future.
– 18% of Asked Americans Bought Crypto, Most Know Only BTC
– 41 percent of Surveyed Crypto Investors are NewbiesWhile just under half of those surveyed last year said they reliable cryptocurrencies, nearly half the respondents (47 percent ) said that”communicating crypto’s drawbacks” may increase trust more than any other step, more so in relation to the second-placed”communicating crypto’s advantages” (46%).
Besides bitcoin, the many known cryptoassets one of economists comprise bitcoin money (BCH) with 31% of recognitions and 9% ownership, ethereum (ETH) at 22% and 8%, and litecoin (LTC) with 19 percent and 7%, respectively, according to data in the poll.
“There was no clear view on what makes cryptocurrency useful,” explained Skrill’s announcement: 27% believed them the potential for payments, 26% considered crypto that a good store of value, 26% said they’re the future of banking, but total, only 17% said they used crypto for anything aside from investment or speculation.It seems to suggest that the more people know about crypto, the more likely they are supposed to buy it, speaking volumes about the significance of education in crypto.By 2,000 Americans surveyed, more than 51% that have cryptocurrency bought a few for the first time within the last 12 weeks, while 22 percent of those who have not ever bought crypto are very likely to buy within the following calendar year.What’s more, a recent study by Motley Fool support The Ascent discovered that interest in cryptocurrency continues to grow in the united states, but that lack of comprehension is a barrier for new investors.
There was no clear opinion on what makes cryptocurrency useful,” said Skrill’s statement: 27% considered them the future of payments, 26% considered crypto a good store of value, 26% said they are the future of banking, but overall, only 17% said they used crypto for anything other than investment or speculation.
Consumer comprehension of cryptocurrencies seems to be trending higher, as 29% of respondents to a recent poll, conducted by payments platform Paysafe‘s digital wallet Skrill, declared they now understood more about cryptocurrencies than they had the exact same time one year ago.
Moreover, some 26 percent said that they were likely to put money into cryptocurrencies now compared with 12 weeks ago.”Up to 9 percent of respondents had used crypto as a payment system in the past month, with nearly all (97%) of those wanting it for the first time in the last year; 59 percent of those who had done so in the past month say they’re now using crypto to pay regularly, and 44% claim that this is now their preferred payment system,” the electronic wallet brand said. “Consumers’ comprehension and comprehension of cryptocurrencies as a financial asset appear sharply divided, with 47% agreeing or strongly agreeing that they don’t know about them for use or investment, whereas 38 percent considered them too risky for investment total,” Skrill discovered, adding that 28% already”believe that cryptocurrencies are a good investment for the future.”
The survey’s findings are in accordance with the results of this 2020 Edelman Trust Barometer which gained data from 34,000 people in 26 regions, together with 1,150 respondents in each market, pointing to a correlation between knowledge, trust, and investment choices.