Coupon Follow: Crypto Skeptics Don’t Understand the Value of Digital Assets

A study by Coupon Follow proves that people who have never invested in cryptocurrencies are most afraid of their volatility.

Coupon Follow posted a report stating that most skeptics have a negative view of cryptocurrencies due to the strong fluctuation of digital asset prices, limited use, harmful environmental impacts and regulatory problems. During the study, respondents were interviewed who had not yet invested in cryptocurrency, aged 18 years and older. The audience was divided into age groups: generations Z and X, millennials and baby boomers. Each group is represented by samples from 172 to 333 people. A total of 1,172 people were interviewed.

The report states that 42% of respondents across all age groups responded that they refused to invest in cryptocurrencies because they “do not understand their value.” The authors of the report argue that interest in digital assets is gradually growing among skeptics. The majority of respondents, despite not being ready to invest in the cryptocurrency market now, are interested in learning more about digital assets.

39% of respondents are afraid of market volatility and call it the main reason for distrusting cryptocurrencies. According to 18% of respondents, the most effective way of global adoption of cryptocurrencies by society is to gain knowledge about the benefits of investing in such assets.

Millennials claim that their transition from skeptics to enthusiasts would be facilitated by well-presented information about increasing their income with the help of cryptocurrencies. And representatives of generation Z are most interested in government regulation and the attention of law enforcement agencies to the emerging crypto space.

An NBC News study in April found that 19% of Americans have a positive view of cryptocurrencies.