Confidence in the safety and reliability of crypto has dropped following the struggles of 2022 Cryptowinter cryptocurrency PewResearch
- The abysmal year that the cryptocurrency industry faced in 2022 has had a detrimental impact on how the wider public perceives the asset class, according to the results of a Pew Research Center survey conducted March 13-19.
That translates to roughly two-thirds of U.S. adults holding an unfavorable opinion of the crypto industry in its current state. Cryptocurrency holders were also more likely to express confidence in the crypto exosystem, with one-in-five crypto users responding positively to the question as opposed to the 2% of non-crypto holders who are familiar with cryptocurrency but have not invested. But even the crypto investors expressed their concerns about its safety, with 43% of this group saying that they are not very or not at all confident in it.
The majority of those who have used cryptocurrencies did so for the first time one to five years ago, while only 16% engaged with the industry in the past year, highlighting the effect the crypto winter had on adoption.
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