#WhyPeopleAvoidCryptocurrency

Survey -

Range of reasons why people have decided not to invest in #cryptocurrency .

> 58% have stated that they do not trust it.

> 34% do not understand the technology.

> 21% believe that it performs badly as an investment.

> 14% don’t invest due to environmental concerns.

> 12% would like to begin investing in cryptocurrency, but are unsure where to start.

> 9% do not have the spare income to invest.

> 9% have seen a friend of family members investment perform poorly.

#Crypto exchange app #Luno conducted a survey that indicated 71% of Australians have less than a basic understanding of cryptocurrencies in 2023 (Luno).