A wave of bankruptcies and regulatory uncertainty has left most Americans lacking confidence in the safety of digital assets. This is according to a Pew Research Center study.
Among Americans who have heard about cryptocurrency (88%), two-thirds say they do not trust this asset class.
Almost 40% of respondents said they are ‘not at all confident’ or ‘not very confident’ in the safety of trading digital assets. 18% of respondents said they ‘somewhat trust’ trading.
Nevertheless, cryptocurrency shows better results than the U.S. government. According to a recent Pew survey, only two in ten respondents trust the White House.
Americans over 50 are more skeptical than younger generations. Among those who have invested in cryptocurrency, 43% consider it volatile.
69% who have ever bought digital assets still own them. 45% of investors said their trades performed worse than expected.
According to a Paxos March survey, 75% of Americans, to some extent believe in digital assets, despite the collapse of FTX.
According to Coinbase, 20% of the adult population in the United States own cryptocurrencies. 76% of holders agree with the statement that the technology behind blockchain has a future.
In April, the number of Google searches related to Bitcoin reached 1.9 million. By these measures, the first cryptocurrency has surpassed former U.S. President Donald Trump, musician Elvis Presley and Disney World.