The report, “Uncharted Territory: Why Consumers are Still Wary about Adopting Cryptocurrency,” also found that only one in ten people truly understand how cryptocurrencies work, and 29 percent have “some knowledge” of digital currencies, with that lack of knowledge stifling mainstream adoption.
In fact, 81 percent of respondents reported that they have never purchased cryptos, while 18 percent believe they are too complicated. In addition, 31 percent say that cryptocurrencies are too volatile, and 35 percent think they are nothing more than a fad."
Source: PYMNTS, 24th June 2019
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