**Crypto Complexity Stifles Adoption: Survey Insights**

Cryptocurrencies and blockchain tech are booming, but their complexity is a major hurdle for newcomers. A survey by Australian crypto exchange Swyftx found that 43% of respondents avoided crypto due to confusion about how it works. Similarly, the 2023 Crypto Literacy Survey reported that 28% of global respondents felt the same.

The UK's Financial Conduct Authority echoed this, with 30% of respondents citing a lack of understanding as a barrier. Lance Morginn of Blockchain Intelligence Group noted that intimidating jargon like "blockchain" and "tokens" scares people away.

Experts suggest simplifying educational resources and creating user-friendly platforms to make crypto more accessible. Kadan Stadelmann from Komodo Platform emphasized the need for straightforward security setups to prevent user errors.

Chainalysis reported that the launch of Bitcoin ETFs in the U.S. spiked crypto use, showing that simpler investment options can attract users. However, the industry must balance innovation with approachability to achieve widespread adoption.

Phillip Lord of Oobit and Saad Naja of PiP World both stress the importance of making crypto as intuitive as traditional finance. Simplifying regulatory environments and offering engaging educational content could pave the way for broader acceptance.