According to TechFlow, on September 20, Cointelegraph reported that multiple survey data showed that technical complexity is still the main factor hindering the large-scale adoption of cryptocurrencies. A survey by Australian exchange Swyftx showed that 43% of respondents did not use cryptocurrencies because they did not understand them; a study by the UK Financial Conduct Authority also found that 30% of respondents listed lack of understanding as the reason for not entering the field.
Blockchain intelligence company Chainalysis pointed out that the launch of the Bitcoin spot ETF in the United States in January this year was the main reason for the surge in cryptocurrency usage, which reflects the importance of simplifying investment channels for popularization. Industry experts generally believe that the industry should work to simplify educational resources and user interfaces to attract more ordinary users. In addition to technical complexity, factors such as asset storage security and regulatory uncertainty also constitute barriers to popularization. Experts suggest that the crypto industry should strive to make technology easier to understand and use while maintaining its innovative nature, such as simplifying complex concepts, providing user-friendly interfaces and comprehensive educational resources.
