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Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese

While there’s a lot of buzz surrounding digital currencies like bitcoin, a multitude of individuals are still puzzled by the crypto economy and the myriad crypto possessions that exist. One research study shows that some individuals think Ethereum is a drug, while others think Cardano is a cheese.

Traders of Crypto Surveys Hundreds of Britons, Researchers Parse 12 Months of Crypto Query Data

A current research study released by the scientists at tradersofcrypto.com combed through the most-searched concerns that might be participated in Google Keyword Planner in order “to find the number of searches each concern got.”

The scientists scanned information over the last 12 months utilizing arise from the U.S. and U.K. to rank the most-asked concerns to the least. The results produced a information set which tries to discuss “the most typical cryptocurrency concerns.”

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

Tradersofcrypto.com’s scientists also surveyed “hundreds of members of the British public” to get the responses to the crypto concerns. The stats reveal that less than 1 in 4 people think that a cryptocurrency will ever end up being legal tender. “The huge bulk of the British public were skeptical, with 75.7% reacting “no.”

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

The ones that did believe crypto might end up being legal tender presumed it would occur over the next years. “The biggest part of ‘yes’ responders (9.8%) thought that this would occur in just 5 years’ time,” the research study notes.

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

The scientist’s research study continues by including that regardless of the current bull run, 64.6% of those surveyed did not believe crypto was a “safe investment.” 22% have “no concept” what crypto is and 21% responded that crypto possessions are “digital currency,” “online cash,” or “virtual cash.”

“1 in 4 have no concept what Dogecoin is,” the research study information. “1 in 2 confess they’re unsure what Binance Coin is.” The research study report includes:

3.6% of survey respondents believe that Cardano is a cheese or alcohol. 3.4% of survey respondents believe Ethereum is a drug.

Close to a Billion Searches for the Term Cryptocurrency, Interest in Crypto Is Booming

The scientists even more discuss that throughout 12 months in the U.K. and U.S. there have actually been roughly 9,269,000 look for “cryptocurrency.”

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

The research study exposed the most browsed expression with the term was “finest cryptocurrency” with 502,200 searches, followed by “what cryptocurrency to mine” and “how to purchase cryptocurrency,” with 406,000 and 306,540 respectively.

Survey Shows 64% of Britons Believe Crypto Is 'Not a Safe Investment,' Respondents Think Ethereum Is a Drug, Cardano Is Cheese

“Questions about crypto experienced considerable boosts in search volume throughout the board,” the research study concludes. “This flourishing interest in the crypto market recommends that cryptocurrency is turning more traditional than ever, and will end up being a staple of the future investment landscape.”

What do you think of the research study about crypto confusion and the number of searches this previous year? Let us understand what you think of this topic in the comments area below.

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