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A new poll conducted by the American market research company Piplsay found that 41% of Britons now believe that the risks of investing in cryptocurrencies are equivalent to investing in stocks.
A survey of 6,070 British residents over the age of 18 showed that British adults are treating cryptocurrency and the stock market equally. Having said that, 45% of respondents still regard cryptocurrency as the riskier of the two.
More than 40% of cryptocurrency holders believe that cryptocurrency is safe, while 31% do not think so. The remaining 27% of respondents said they are not sure about the security of digital assets.
Nearly 30% of the respondents said that potential hackers and fraudulent activities are their main concerns about cryptocurrency, and regulatory considerations also caused 26% of participants to worry. Surprisingly, volatility is not an important issue, with only 19% of people expressing concern about it.
Although people are becoming more and more interested in cryptocurrency, most of the interviewees said that they still may not hold cryptocurrency for the time being, and 57% of Britons said they have no intention to invest.
Piplsay's survey results show that most Britons lack confidence in their knowledge in the field of cryptocurrency, and 46% of participants said they don't understand currency at all.
Approximately 35% of "Gen Z" and millennials believe that they are very knowledgeable about cryptocurrencies, and 39% of them believe that digital assets are safe. Approximately 37% of Gen Z and 27% of Millennials plan to invest in cryptocurrency this year. In contrast, only 29% of "Gen X" think they understand cryptocurrency, and only 22% of "Gen X" think cryptocurrency is safe. This year, about 27% of "Gen X" plan to invest in cryptocurrencies.
Although the respondents are not interested in cryptocurrency speculation, 46% of the respondents said that they believe that large companies such as Apple, Amazon, and Tesco (TESCO) should accept cryptocurrency payments, indicating that cryptocurrencies are used as payment The demand for means is constantly growing.
A survey by the Independent Reserve Cryptocurrency Index (IRCI) found that the adoption of cryptocurrencies by young people is nothing new. By 2020, nearly 20% of young people in Australia already hold cryptocurrencies.
However, another survey on cryptocurrency adoption conducted by Wirex and the Stellar Development Foundation in 2021 found that older investors are slowly entering the field of cryptocurrency investment. 30% of respondents between the ages of 45 and 54 said that they hold crypto assets, which is the largest proportion of the 3834 participants in the survey.