The latest survey shows that lack of knowledge is the main obstacle to the adoption of cryptocurrencies


Among the many complications associated with cryptocurrencies such as Bitcoin (BitcoinA new survey reveals that lack of knowledge and understanding of encryption is the biggest obstacle to widespread adoption of cryptocurrencies.

The Economist Intelligence Department, the research and analysis department of the Economist Group, Published A new report called “Digital 2021”.

The study is Commission Conducted by Crypto.com, the major payment and cryptocurrency platform, and includes a consumer survey of 3,053 people conducted from February 2021 to March 2021.

According to the survey results, 51% of the respondents said that lack of knowledge is the use of such things as Bitcoin and Ether (ETH), while 34% of survey participants regard security issues as the main obstacle, while 29% of respondents said it is difficult to know where to buy cryptocurrency.

In terms of institutional investors and corporate treasury’s acceptance of cryptocurrencies, 47% of respondents said that overall market trust or understanding of digital currencies is the biggest obstacle to adoption. Approximately 32% of respondents believe that cryptocurrency regulations are the main obstacle to wider institutional recognition, while 43% and 36% believe that financial market structure and asset volatility are the main obstacles, respectively.

Source: Economist Intelligence Unit

The survey also pointed out that even though they have never owned or used cryptocurrency, 55% of respondents still knew about cryptocurrency. Goldman Sachs Global Head of Digital Assets Mathew McDermott said in the report: “As more and more people adopt and can use digital wallets, you can see that the number of people who can access and invest in cryptocurrencies is increasing. Continue to expand.”

According to the latest survey by the Gemini cryptocurrency exchange, nearly two-thirds of adults in the United States are Interested in learning more about cryptocurrencies Or pick them up soon.