The vast majority of Americans see cryptocurrencies as an unsafe financial investment tool.
YouGov’s survey of more than 1,200 US citizens revealed that the vast majority of Americans do not trust cryptocurrencies.
Americans Do Not Find Crypto Safe
While 55% of respondents said they found cryptocurrencies unsafe, only 18% said they were safe.
Even investors who currently own cryptocurrencies consider cryptocurrencies to be unsafe, just like investors who have never owned digital assets.
The survey results also reveal that Americans want the government to act faster for crypto regulations. 55% of Democratic voters and 50% of Republican voters expressed support for crypto regulations.
Data from YouGov’s survey reveals that Americans understand the risks associated with investing in cryptocurrencies, but also acknowledge the potential for improvement in the industry, provided regulations are enacted. As government agencies continue to seek answers to the question of how to oversee the crypto market, it remains unclear whether the upcoming legislation will provide consumers with adequate protection to spur further growth of crypto.
66% of respondents said they had heard of the arrest of FTX founder Sam Bankman-Fried. A large majority also believe that the SBF should be convicted for its actions.