Crypto confusion: 50% of non-investors don’t understand it well enough to buy
Main Idea
A survey by the National Cryptocurrency Association (NCA) found that 50% of non-investors avoid crypto due to lack of understanding, with 70% citing the need for more information before considering digital assets.
Key Points
1. Nearly 70% of 2,000 surveyed non-crypto holders in the US require more information before adopting digital assets.
2. 34% of participants expressed openness to learning more about digital assets, indicating curiosity but low confidence.
3. The NCA, backed by a $50-million grant from Ripple, aims to educate Americans about cryptocurrencies to reduce confusion and distrust.
4. Ripple executives, including NCA president Stuart Alderoty, are actively engaging with US policymakers to influence crypto-related legislation.
Description
A survey conducted by the National Cryptocurrency Association explored why some people aren’t comfortable investing in digital assets.
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