Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

A latest examine revealed by the researchers at tradersofcrypto.com combed by means of the most-searched questions that could possibly be entered into Google Keyword Planner so as “to find what number of searches every query obtained.”

The researchers scanned information over the past 12 months utilizing outcomes from the U.S. and U.Ok. to rank the most-asked inquiries to the least. The outcomes produced a information set which makes an attempt to clarify “the commonest cryptocurrency questions.”

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

Tradersofcrypto.com’s researchers additionally surveyed “a whole lot of members of the British public” to get the solutions to the crypto questions. The statistics present that lower than 1 in 4 people assume that a cryptocurrency will ever develop into authorized tender. “The overwhelming majority of the British public had been unconvinced, with 75.7% responding “no.”

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

The ones that did imagine crypto might develop into authorized tender assumed it will occur over the subsequent decade. “The largest portion of ‘sure’ responders (9.8%) believed that this is able to occur in as little as 5 years’ time,” the examine notes.

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

The researcher’s examine continues by including that regardless of the latest bull run, 64.6% of these polled didn’t imagine crypto was a “protected funding.” 22% have “no thought” what crypto is and 21% replied that crypto belongings are “digital forex,” “on-line cash,” or “digital cash.”

“1 in 4 do not know what Dogecoin is,” the examine particulars. “1 in 2 admit they’re undecided what Binance Coin is.” The analysis report provides:

3.6% of survey respondents imagine that Cardano is a cheese or alcoholic drink. 3.4% of survey respondents imagine Ethereum is a drug.

Close to a Billion Searches for the Term Cryptocurrency, Interest in Crypto Is Booming

The researchers additional clarify that throughout 12 months within the U.Ok. and U.S. there have been roughly 9,269,000 searches for “cryptocurrency.”

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

The examine revealed essentially the most searched phrase with the time period was “finest cryptocurrency” with 502,200 searches, adopted by “what cryptocurrency to mine” and “the best way to purchase cryptocurrency,” with 406,000 and 306,540 respectively.

Read the article:  Analyst Predicts 'Refreshed Bull Market' for Bitcoin, Price Heading Toward $100K

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

“Questions about crypto skilled important will increase in search quantity throughout the board,” the examine concludes. “This booming curiosity within the crypto market means that cryptocurrency is popping extra mainstream than ever, and can develop into a staple of the longer term funding panorama.”

What do you assume of the examine about crypto confusion and the quantity of searches this previous yr? Let us know what you consider this topic within the feedback part beneath.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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