Survey shows that 64% of the British crypto consider no safe investment, the respondents believe that Ethereum is a drug, Cardano is cheese -
Survey shows that 64% of the British crypto consider no safe investment, the respondents believe that Ethereum is a drug, Cardano is cheese -
Although there is a lot of hype about digital currencies such as Bitcoin, many people are still confused about crypto economy and the countless crypto-assets that exist. A study shows that some people consider Ethereum to be a drug, while other Cardano consider a cheese.
dealers of crypto surveys hundreds of British, researchers analyze 12 months of crypto demand data
The researchers have scanned the data of the past 12 months based on results from the USA and Great Britain in order to order the most frequently asked questions about the least asked. The results showed a data record that tries to explain "the most common questions about cryptocurrencies".
The researchers of Tradersofcrypto.com also interviewed "hundreds of members of the British public" in order to receive answers to the crypto questions. The statistics show that fewer than 1 out of 4 people believe that a cryptocurrency will ever become a legal means of payment. "The vast majority of the British public was not convinced, 75.7% replied with" no ".
Those who believed that crypto could become a legal means of payment assumed that this would happen in the next ten years. "Most of the" yes "response (9.8 %) believed that this would happen in just five years," says the study.
The researcher's study continues by adding that despite the latest bull run, 64.6% of those surveyed did not believe that crypto was a "safe investment". 22% have "no idea" what is crypto and 21% replied that crypto-assets are "digital currency", "online money" or "virtual money".
"1 of 4 has no idea what Dogecoin is," says the study. "1 of 2 admit that they are not sure what Binance Coin is." The research report adds:
3.6% of the respondents believe that Cardano is a cheese or an alcoholic drink. 3.4% of the survey participants believe that Ethereum is a drug.
almost a billion searches for the term cryptocurrency, the interest in crypto boomt
The researchers continue to explain that around 9,269,000 searches for "cryptocurrency" were carried out in Great Britain and the United States over 12 months.
The study showed that the most frequently sought -after phrase with the term "best cryptocurrency" was 502,200 search queries followed by "which cryptocurrency for mines" and "How to buy cryptocurrency" with 406,000 or 306,540.
"Questions about Krypto have experienced a significant increase in the search volume on a broad front," concludes the study. "This booming interest in the cryptom market indicates that cryptocurrencies become the mainstream more than ever and become an integral part of the future investment landscape."
What do you think of the study on crypto confusion and the number of search queries last year? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, Tradersofcrypto.com
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