Connect with us

Hi, what are you looking for?

Editor's Pick

60% of US Citizens Confess Lack of Clarity on Blockchain: Survey

A recent study has revealed that 60% of US residents lack comprehension of blockchain technology.

Millennials emerged as the most confident generation regarding cryptocurrency knowledge, according to a recent study by language learning marketplace Preply. It also found a gender gap, with men generally feeling more assured about their crypto understanding than women.

However, despite 46% of respondents expressing overall confidence, a significant portion of crypto investors themselves (35%) harbored doubts about their grasp of cryptocurrency. This uncertainty was particularly prevalent among Gen Z investors, with a staggering 40% unsure of their understanding.

In anticipation of the future, Gen Xers who had not yet ventured into crypto investment displayed the highest level of interest in potentially doing so.

Image Source: Preply

Across all age groups, 40% of those currently uninvested expressed interest in crypto, and a significant 27% indicated a desire to learn more through educational resources.

Survey Shows Low Confidence in NFTs, Metaverse


The survey also revealed a significant knowledge gap regarding NFTs and the metaverse. Only 42% of respondents showed confidence in their understanding, presenting a prime opportunity for educational initiatives.

This lack of knowledge might explain the low investment enthusiasm, with just 11% excited about putting money into NFTs. However, the metaverse sparked greater curiosity, with 32% expressing interest in participating.

US Cities Search for Blockchain-Related Answers


Preply’s study also showed a surge in interest in crypto terminology across the US. Florida, Washington, and California led the pack when it came to state-level searches for crypto terms.

Similarly, Orlando and Miami in Florida, along with Atlanta in Georgia, emerged as the cities with the most curious residents actively searching crypto slang. Interestingly, DAO, DEX, and ICO were the crypto-related phrases that people were most likely to search for, suggesting these terms might be particularly confusing for many.

The Fed’s annual Survey of Household Economics and Decisionmaking (SHED) shows a significant decline in US crypto usage compared to previous years.

In 2023, roughly 18m US adults reported using cryptocurrencies, according to the survey. This represents a substantial drop from 10% in 2022 and 12% in 2021. These findings contradict Coinbase’s claim that 52m Americans own cryptocurrency.

The post 60% of US Citizens Confess Lack of Clarity on Blockchain: Survey appeared first on Cryptonews.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Stock

Boeing’s spaceflight program may reach a significant milestone Monday night with the launch of its Starliner spacecraft, carrying — at long last — two...

Investing

Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with...

Top News

It appears increasingly possible that Donald Trump could face actual jail time before we ever get a verdict in any of his four criminal...

Stock

A 17-year-old boy handed himself in to police after admitting that he attacked a German politician on Friday. Police say that Matthias Ecke, the...

Disclaimer: InvestorsOnRetire.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 InvestorsOnRetire. All Rights Reserved.