đ¨đ 60% OF US CRYPTO INVESTORS DONâT UNDERSTAND BLOCKCHAIN đđ¨
A recent survey by Preply reveals that a significant 60% of U.S. cryptocurrency investors do not understand blockchain technology. This study highlights the knowledge gap among different generations, with notable interest in learning more about cryptocurrency and blockchain.
According to Preplyâs findings, approximately 40% of surveyed Gen Z crypto investors in the U.S. lacked confidence in their cryptocurrency knowledge. This lack of confidence was even higher among millennials (35%) and Gen X (32%). The study also revealed that 60% of U.S. crypto investors âdonât know what blockchain is.â
Knowledge Gap:
Gen Z: 40% lack confidence in crypto knowledge
Millennials: 35% lack confidence
Gen X: 32% lack confidence
đ Interest in Learning:
Despite the knowledge gap, the study showed a strong interest in learning about cryptocurrency and blockchain:
Overall Interest: 27% of those who have never invested in crypto expressed interest in taking classes to learn more.
By Gender: 54% of surveyed men and 53% of women showed interest in learning more.
đ Generational Interest:
Gen X: 57% want to learn more
Gen Z: 41% express interest in learning about crypto but have the lowest willingness to learn.
đ¨ Baby Boomers Show Least Interest in NFTs:
The study also discovered varying interest levels in digital assets other than crypto across generations:
NFT Investment:
Millennials: 12% have invested in NFTs
Baby Boomers: Only 4% have invested
Commenting on the findings related to crypto investorsâ interest in NFTs and the metaverse, the survey report stated:
Confidence in NFTs and Metaverse: Only 42% of respondents felt confident in their understanding of NFTs and the metaverse.
Investment Excitement: 11% were excited about investing in NFTs, while 32% were curious about joining the metaverse.
I think this only shows that we're still early in the web3 space and many more opportunities will emerge.
What are your thoughts on this?
