Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese – Featured Bitcoin News

While there’s plenty of hype surrounding digital currencies like bitcoin, a large number of individuals are nonetheless confused by the crypto economic system and the myriad crypto belongings that exist. One research reveals that some individuals suppose Ethereum is a drug, whereas others suppose Cardano is a cheese.

Traders of Crypto Surveys Hundreds of Britons, Researchers Parse 12 Months of Crypto Query Data

A latest research revealed by the researchers at tradersofcrypto.com combed by means of the most-searched questions that could possibly be entered into Google Keyword Planner so as “to discover how many searches each question received.”

The researchers scanned information during the last 12 months utilizing outcomes from the U.S. and U.Ok. to rank the most-asked inquiries to the least. The outcomes produced an information set which makes an attempt to clarify “the most common cryptocurrency questions.”

Tradersofcrypto.com’s researchers additionally surveyed “hundreds of members of the British public” to get the solutions to the crypto questions. The statistics present that lower than 1 in 4 people suppose {that a} cryptocurrency will ever develop into authorized tender. “The vast majority of the British public were unconvinced, with 75.7% responding “no.”

The ones that did imagine crypto may develop into authorized tender assumed it will occur over the subsequent decade. “The largest portion of ‘yes’ responders (9.8%) believed that this would happen in as little as five years’ time,” the research notes.

The researcher’s research continues by including that regardless of the latest bull run, 64.6% of these polled didn’t imagine crypto was a “safe investment.” 22% have “no idea” what crypto is and 21% replied that crypto belongings are “digital currency,” “online money,” or “virtual money.”

“1 in 4 have no idea what Dogecoin is,” the research particulars. “1 in 2 admit they’re not sure what Binance Coin is.” The analysis report provides:

3.6% of survey respondents imagine that Cardano is a cheese or alcoholic drink. 3.4% of survey respondents imagine Ethereum is a drug.

Close to a Billion Searches for the Term Cryptocurrency, Interest in Crypto Is Booming

The researchers additional clarify that throughout 12 months within the U.Ok. and U.S. there have been roughly 9,269,000 searches for “cryptocurrency.”

The research revealed essentially the most searched phrase with the time period was “best cryptocurrency” with 502,200 searches, adopted by “what cryptocurrency to mine” and “how to buy cryptocurrency,” with 406,000 and 306,540 respectively.

“Questions about crypto experienced significant increases in search volume across the board,” the research concludes. “This booming interest in the crypto market suggests that cryptocurrency is turning more mainstream than ever, and will become a staple of the future investment landscape.”

What do you consider the research about crypto confusion and the variety of searches this previous yr? Let us know what you consider this topic within the feedback part under.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Tradersofcrypto.com

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