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People Unaware of Crypto Have an Optimistic Outlook for Its Future

People who less aware about cryptocurrency have a positive vision for its future, according to new research from Dutch bank ING.
news - People Unaware of Crypto Have an Optimistic Outlook for Its Future

People who less aware about cryptocurrency have a positive vision for its future, according to new research from Dutch bank ING.

The survey,  polled around 1,000 people in each of 15 mostly European countries,  found out that, overall, the level of detailed knowledge about crypto is fairly low.

While 74 percent answered correctly that cryptocurrencies are a form of digital money, 73 percent said cryptos are run by a centralized body, or didn’t know. A small majority were, however, correct when answering questions on volatility and in-store acceptance.

“Of the 13% in Europe who could correctly identify one of the five statements as either true or false, and therefore were labelled as having low knowledge, most either had a high (43%) or medium (37%) attitude towards the future of cryptocurrencies. This was almost identical for those who could correctly identify two or three out of the five statements, demonstrating medium knowledge,” the report states.

Respondents who were better informed on cryptocurrencies demonstrated more negative sentiment in the survey, with just 32 percent being positive about the future use of cryptos.

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As a reminder, earlier this year, Wozniak said that blockchain is a bubble which could have potential in the future. At the same time, he has admired the Bitcoin, calling the coin “the only digital gold”.

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