New survey sheds light on people's concerns about investing in crypto

cointelegraph.com:

While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different concerns. A recent study conducted by Coupon Follow found out that the majority of people who haven't invested in cryptocurrency cite worries such as volatile value and restricted applications, environmental impact, as well as regulatory concerns.

The survey, which included respondents aged 18 and above, had a total of 1,172 people among Gen Z, Millennials, Gen Xers, and Baby Boomers. Each group was represented by samples ranging from 172 to 333 individuals. According to the report, all respondents were "no coiners," or individuals who have not yet invested in crypto.

A lack of understanding was reported as the most popular reason for buyers' hesitation across all generations, according to the research. When asked about their refusal to buy crypto, 42% of the respondents said they didn't "understand their value."

However, the report suggests that interest in learning more about crypto has not died down. Even if they were unwilling to invest money in it, the majority of respondents were at least somewhat interested in learning more about cryptocurrency. A significant percentage of respondents, 39%, were scared off by crypto volatility.

18% of respondents said that learning more about the benefits of investing in cryptocurrency was the most effective approach to transition from skeptic to believer. Millennials said that having greater disposable income was the most likely scenario that would persuade them to invest in cryptocurrency. The research found that members of Gen Z are more interested in government regulation and law enforcement within the nascent space.

Related: Women's interest in crypto