A big proportion of US adults consider cryptocurrencies lack safety and reliability, in keeping with a brand new Pew Analysis Middle examine.
The Pew Analysis Middle performed the survey from March Thirteenth-Nineteenth by asking inquiries to 10,701 US adults who’re members of Pew Analysis Middle’s American Traits Panel (ATP), a web based survey panel recruited by way of a random sampling of residential addresses.
The examine finds that 39% of adults who’ve heard about cryptocurrency are under no circumstances assured within the reliability and security of digital belongings, whereas an extra 36% will not be very assured.
On the opposite finish of the spectrum, solely 2% of adults are extraordinarily assured in cryptocurrencies, whereas 4% are very assured in crypto, per the examine. About 18% say they’re considerably assured.
The examine additionally finds that attitudes about cryptocurrencies differ extensively based mostly on demographics.
“Whereas concern about cryptocurrency is broad, some teams of People are extra involved than others. As an example, adults ages 50 and older who’ve heard about cryptocurrency are extra seemingly than their youthful counterparts to say they don’t seem to be assured in its reliability and security (85% vs. 66%).
Ladies are additionally barely extra skeptical of investing in, buying and selling or utilizing cryptocurrencies. Amongst People who’ve heard about cryptocurrency, 80% of girls say they don’t seem to be assured in it, in contrast with 71% of males.”
US adults who use, commerce or spend money on crypto have remained largely unchanged at 17% when in comparison with the earlier research performed by Pew Analysis Middle in 2021 and 2022.
The examine additionally reveals that almost a 3rd of respondents who held digital belongings earlier than bought out of the crypto markets.
“Roughly three-in-ten adults (31%) who’ve ever invested in, traded or used cryptocurrency say they at the moment wouldn’t have any cryptocurrency. Nonetheless, a majority (69%) say they do at the moment have cryptocurrency.”
Lastly, the survey finds that almost half of crypto buyers say that their portfolios have carried out worse than anticipated.
“A plurality of cryptocurrency customers (45%) report that their investments have carried out worse than they anticipated, a outcome that’s statistically unchanged since July 2022, when the Middle final requested about this. Compared, 15% say their investments have finished higher than anticipated, 32% say they’ve finished about the identical as anticipated and seven% are not sure.”
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