Crypto Literacy Report 2021 suggests that 96% of Americans do not understand basic crypto knowledge-
Crypto Literacy Report 2021 suggests that 96% of Americans do not understand basic crypto knowledge-
A current study suggests that 99% of the people from Mexico and Brazil and 96% of Americans do not understand the basic concepts of cryptocurrencies. Of all survey participants who know Bitcoin, 17% in the United States, 15% in Brazil and 14% in Mexico have the crypto-asset. The report published by Cryptoliteracy.org further explains that 9 out of 10 survey participants did not know that Bitcoin's offer was limited to 21 million
According to a study by cryptoliteracy.org The understanding of the basics of cryptocurrencies is low in 2021. The researchers used a YouGov survey to select around 1,000 participants who know cryptocurrencies from every country. The study consisted of 17 questions about cryptocurrency, Bitcoin, decentralized financing (Defi), non -fungible tokens (NFTS) and a general mood. One of the most important results of the survey is: "Owner is the best teacher", which meant that survey participants who had a digital currency correctly answered the 17-question quiz with duplicate. The report Cryptoliteracy.org explains that only 33% of those surveyed believed that the purchase of crypto assets was simple today. In addition, the survey is of the opinion that "crypto misses its mission of financial inclusion". According to the results of the survey, possession tends to indicate wealthy and well -trained users at that time. In addition, older generations are "left" in relation to the understanding of cryptocurrencies, since 67 % of the US "baby boomers" had a "lack of crypto knowledge". other important results of the survey say that Mexicans and Brazilians will rather buy and sell crypto in the next six months. In the meantime, applications can vary depending on geography and generation, according to the study details. "25 % of Brazilians and a third of the Mexican respondents would use crypto to pay for goods and services. Only 13 % of the American respondents advised them," said the study by Cryptoliteracy.org. The survey adds: 50% of Americans advised to use cryptocurrencies to save for the future. Younger generations use crypto as a means of payment almost three times more often than older generations that see it more as an investment. The basic Bitcoin knowledge about the top limit of the protocol is also very lacking in the survey. "The computer code -based edition of Bitcoin makes it so unique and differs from central banks that are controlled by politicians," explain the authors of the study. 9 out of 10 survey participants, however, had no understanding of the basic concepts of Bitcoin offer and demand (like the limited range of 21 million). What do you think about the State of Crypto Literacy report 2021? Let us know your opinion on this topic in the comments below. Photo credits : Shutterstock, Pixabay, Wiki Commons, Cryptoliteracy.org study shows that despite the Bull Runs in 2021, crypto knowledge in the USA, Mexico and Brazil is missing
survey shows that young people spend more cryptocurrencies, while older generations see them as an investment
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