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%).
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