According to Pew Research, about 70% of Americans, to varying degrees, who are aware of cryptocurrency projects, do not plan to invest in digital assets in the near future.

High volatility, a series of high-profile bankruptcies, and regulatory uncertainty have left the majority of the US population with a lack of confidence in the safety and security of investing in crypto assets, according to a survey conducted by Pew Research.

“Among the vast majority of Americans who say they have heard at least a little bit of crypto (88%), three-quarters are unsure about the reliability of crypto assets,” according to Pew Research.

At the same time, almost half of the Americans surveyed, who said they were familiar with or heard about cryptocurrencies, “are absolutely not sure about the safety of investing and trading digital currencies,” and only 18% of respondents said that they “doubt, but are ready to study the issue more carefully.”

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Approximately three out of ten respondents (31%) who have ever invested, traded or used digital assets say that they do not currently own a cryptocurrency.

Despite the bad reputation of the crypto industry in the eyes of Americans, only one-fifth of the population – about 19% – approves or supports the imposition of tough industry regulations by the US administration.

It is noteworthy that since a similar study in 2021, the preferences of American citizens and the degree of their involvement in the crypto industry have remained virtually unchanged. Then Pew Research cited data that 86% of the US adult population knows something about cryptocurrencies, and 16% of Americans invest in them.