Study: BTC Is the Most Popular Crypto Asset, Crypto Exchanges Among the Least Trusted Service Providers

The knowledge from the newest Coinover research means that 17% of the individuals personal cryptocurrency and 30% plan to take action within the coming yr. About 50% of these interviewed mentioned they have been optimistic about their monetary earnings, whereas 20% expressed dissatisfaction with the returns.

More Than Half of the Respondents Are Crypto-Curious

According to a survey study performed by the blockchain safety agency Coinover, about 17% of the greater than 16,000 research individuals mentioned they personal cryptocurrencies, whereas no less than 30% mentioned they’re more likely to put money into cryptocurrencies within the subsequent 12 months. The knowledge additionally recommend that almost all of the respondents, 46%, see bitcoin as the most well-liked crypto asset. Non-fungible tokens (NFTs) are ranked second with 18%, whereas ethereum is a distant third with 17%.

When requested about their angle and curiosity in direction of cryptocurrencies, the research knowledge means that as a lot as 55% of the respondents are crypto-curious. Only 11% mentioned they’re energetic within the cryptocurrency market. Meanwhile, 50% of these interviewed mentioned they have been optimistic about their monetary earnings however 20% have been dissatisfied with the returns.

Remarking on the research findings, David Janczewski, CEO and co-founder at Coincover, mentioned:

“Crypto’s potential is huge, but our research makes clear that the industry must take steps to address consumer concerns. Many still perceive cryptocurrency as a mysterious technology and the industry must show that it is doing everything it can to protect investors, build consumer confidence, and provide stronger foundations for the future.”

However, regardless of portraying what would look like a optimistic disposition in direction of crypto among the many respondents, the research additionally discovered that 19% of these interviewed are cynical about crypto and one other 25% “are closed to cryptocurrencies entirely.”

Turning to belief points, the research discovered that as many as 30% of non-crypto customers have zero belief in centralized crypto exchanges. When requested about their know-how issues, 30% of the respondents mentioned they have been fearful about crypto. Concerning the respondents’ notion of crypto, the research report mentioned that many extra see crypto as an enabler of monetary fraud than a privateness software.

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