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.
This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.