US Crypto Investors Largely Clueless About Blockchain

US Crypto Investors Largely Clueless About Blockchain

Author: Chad Smith | Published On: June 26, 2024

About 60% of US cryptocurrency investors admit they don’t understand blockchain technology, according to a recent survey.

Language-learning company Preply surveyed 1,001 individuals in the US regarding their knowledge, interest, and experience with cryptocurrency. The findings revealed that three out of five investors were unclear about blockchain—the distributed database or ledger shared among a computer network’s nodes.

Additionally, the survey highlighted that 35% of crypto investors lacked confidence in their knowledge of cryptocurrency.

The research also examined Google search volumes for 29 crypto-related terms over the past 12 months across all 50 states and 181 of the largest US cities.

The top-searched terms included DAO (Decentralized Autonomous Organization), DEX (Decentralized Exchange), and ICO (Initial Coin Offering), indicating a stronger curiosity about crypto acronyms and abbreviations than about full terms and phrases.

Florida, Washington, and California emerged as the states with the highest search volumes for cryptocurrency-related words and phrases.

Among respondents who had not yet invested in crypto, 54% expressed an interest in learning more about the field. visit at live cricket score today

Author: Chad Smith
Chad Smith is a cryptocurrency enthusiast and blockchain advocate with a knack for simplifying complex concepts. With a clear, insightful writing style, Chad's articles cater to both beginners and experienced enthusiasts alike. Beyond cryptocurrency, he stays abreast of developments in technology, finance, and social impact.

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