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WebsCrypto—News—Bitcoin News—Study Shows: Lack of Understanding of Bitcoin Is the Biggest Barrier to Bitcoin Adoption
Bitcoin News

Study Shows: Lack of Understanding of Bitcoin Is the Biggest Barrier to Bitcoin Adoption

By WebsCryptoMay 27, 2022
Billionaire Bill Miller: Bitcoin Is Insurance Against Financial Catastrophe
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A new international study from Cash App parent company Block. Inc shows that a lack of understanding of Bitcoin is the main reason people don’t buy it.

The survey, conducted in January and February, focused on 14 countries, and 51 percent of respondents said the main reason they didn’t buy Bitcoin was that they “don’t know enough about Bitcoin.”

Other top reasons included cybersecurity and theft risk (32%) and excessive price volatility (30%). Among respondents who are at least reasonably familiar with cryptocurrencies, the main reasons for not buying Bitcoin are price volatility (30%) and the uncertain regulatory outlook (29%).

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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