Crypto Confusion: 50% of Non-Investors Say They Don’t Understand It Well Enough to Buy
A recent survey by the National Cryptocurrency Association revealed that nearly 70% of 2,000 non-crypto holders in the U.S. feel they need more information before considering investing in digital assets. About half of those surveyed expressed a lack of understanding about how cryptocurrencies work, while concerns about security, fraud, and the credibility of project creators were also significant factors. The findings indicate that curiosity about digital assets is high but confidence in acting on that curiosity remains low. Stuart Alderoty, chief legal officer of Ripple Labs and president of the NCA, noted that many non-crypto holders are eager to learn more but are impeded by confusion and distrust regarding available information. This highlights a substantial barrier to adoption, as the study observed that only one in five U.S. adults owned some form of cryptocurrency. The NCA, launched in March, aims to provide more clarity and support for cryptocurrency education and advocacy.
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