5 August 2021
Three-quarters of surveyed American consumers who don’t own any crypto cite their lack of knowledge as a reason they haven’t acquired any coins or tokens.
In a survey of 8,008 U.S. crypto owners and non-owners conducted by PYMNTS and BitPay, 75% report “not knowing enough about cryptocurrencies, how to obtain them, or their tax implications” as a factor preventing them from buying crypto.
A third of respondents cite “not mainstream/accepted enough” as a factor behind their reluctance, while 25.2% said they held back because of price volatility issues.
Among crypto owners, 60.1% said they were “very” or “extremely” interested in making private, secure online purchases with crypto, and 57.4% indicated high interest in making crypto purchases online “if these payments are automatically available at checkout” – an ease-of-use issue.
The full survey is available from PYMNTS.