A new survey sheds light on people’s concern about investing in cryptocurrencies

18% of respondents in a new study said that learning more about the benefits of investing in cryptocurrencies was the most effective approach to transition from skeptic to believer.

While some people believe in the long-term potential of cryptocurrencies, others are hesitant to invest their money for a variety of reasons. A recent study by Coupon Follow found that the majority of people who have not invested in cryptocurrencies cite concerns such as value volatility and restricted applications, environmental impact, as well as regulatory concerns.

The survey, which included respondents 18 and older, was answered by 1,172 people among Generation Z, Millennials, Generation X and Baby Boomers. Each group was represented by samples ranging from 172 to 333 individuals. According to the report, all of the respondents were “non-coiners,” or individuals who have not yet invested in cryptocurrencies.

According to the research, lack of understanding was the most popular reason for buyer hesitation across all generations. When asked about their refusal to buy cryptocurrencies, 42% of respondents said they did not “understand its value.”

However, the report suggests that interest in learning more about cryptocurrencies has not died out. Even if they were not willing to invest money in it, most of the respondents were at least somewhat interested in learning more about cryptocurrencies. A significant percentage of those surveyed, 39%, feel scared by the volatility of cryptocurrencies.

18% of respondents said that learning more about the benefits of investing in cryptocurrencies was the most effective approach to go from skeptic to believer. Millennials said that having a higher disposable income was the most likely scenario that would convince them to invest in cryptocurrencies. The research found that members of Generation Z are most interested in government regulation and law enforcement in this nascent space.

Considering the growing number of financial crimes and DeFi exploits, as well as the dramatic collapse of Terra (LUNA) last week, this should come as no surprise.

Regulators are primarily concerned with protecting consumers, and it is clear that they are struggling to keep pace with a rapidly evolving industry. Regulation exists, but it seems disorganized. The United States Securities and Exchange Commission (SEC) has recently revamped its cryptocurrency unit with more hires, and with the general public becoming more aware of cryptocurrencies, we can expect to see more regulation in this area. Experts believe that crypto companies need to collaborate with regulators to increase adoption.

Reference: es.cointelegraph.com

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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