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Crypto awareness is increasing, but understanding is declining

Crypto awareness is increasing, but understanding is declining

Bitcoin Reddit

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The United Kingdom Financial Conduct Authority had an interesting survey recently. According to the results, it is possible to say that the number of people who know about cryptocurrency and hold it is increasing. However, among people who have knowledge about crypto the most heard about bitcoin and are unable to identify other cryptos. At the same time there is a decline in understanding cryptocurrency. So some people heard about it, but do not understand what it is. 71% of respondents were able to give a definition to it, which is less than a year ago.
Have you noticed this trend? Does it seem like people do not have enough knowledge about crypto now?

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