What about cryptocurrencies other than Bitcoin?\n\n\n

Since the survey included analyzing user knowledge on all existing cryptocurrencies, it appears that Ethereum Classic, Dash and Stellar were recognized by more than 10% of respondents. However, ownership rates were only 5% or less.\n\n\n\n

In terms of Atom, Tezos, EOS, Chainlink, OMG, Ox and Kyber Network, there was even less recognition – up to 8% of respondents were aware of the currencies and no one said they owned them.\n\n\n

Cryptocurrencies as a financial investment\n\n\n

With cryptocurrencies being a relatively new financial asset, the fact that consumer knowledge and understanding of cryptocurrencies is highly divided is not necessarily surprising.\n\n\n\n

With 47% of survey participants agreeing that they don’t know enough about crypto for use or investment, it is clear that more education should take place on the subject.\n\n\n\n

Although a total of 38% thought cryptocurrencies were too risky to invest in, 28% thought cryptocurrencies would be a good investment for the future, saying that they now know more about cryptocurrencies than they did last year. Also, 26% of respondents said they would be more likely to invest in crypto today compared to 12 months ago because they know a lot more about it.\n\n\n\n

Does the (hopefully) rising consumer understanding and interest in crypto suggest that cryptocurrencies could become an everyday financial asset? Let’s wait and see.\n","protected":false},"excerpt":{"rendered":"