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Half of Americans unfamiliar with crypto; quarter of the rest bullish

Half of Americans unfamiliar with crypto; quarter of the rest bullish

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A poll of 1,000 Americans undertaken back in April has been published, giving a new picture to the average citizen’s outlook on the crypto markets.

 

It turns out that despite massive media interest last year, almost half of all Americans are still unfamiliar with bitcoin and other cryptos. Of the ones who do know about them, opinions differ substantially.

 

24 percent believe the value of crypto will perform positively in the next year, while 29 percent believe it will fall. A further 35 percent didn’t comment on overall trend, but expected wild fluctuations. The remaining 12 percent believe it will be stable.

 

What is interesting is the general lack of due diligence and research around any investment by financial decision-makers. Almost a third of Americans say they make high-risk investments – around the same number as say they do no research into investments and investment strategy at all.

 

Meanwhile, a survey of 5,761 Americans held at the beginning of the year found that just 5 percent owned any crypto, while a fifth were considering adding crypto to their investment portfolios.

 

Read more at https://www.aicpa.org/press/pressreleases/2018/americans-say-volatile-markets-are-easy-way-to-make-profit.html.

Red hot news, scorching wit and searing opinion pieces from Crypto Inferno.

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