For all you hear about crypto currencies today, a surprising number of people aren’t convinced of their safety or reliability. A new Pew Research poll indicates 63% of those asked lack confidence in the various types of crypto.
Specifically, about half of that 63% say they’re not at all confident while the other half of the skeptics say they’re not very confident. That’s contrasted with just five-percent who are extremely or very confident and 18% somewhat confident.
But then again, as with all polls, it depends on who you’re asking.
Professor and Discipline Leader Hank Lewis at Houston’s Lone Star College University Park said in a KTRH interview that “men tend to be more open to cryptocurrency than women, younger people are more open to it than older people are.
“And also, white and Asian Americans are more likely to be using it and investing in it than Black Americans or Latino Americans are.”
One of the reasons for this reticence on the part of many people could well be a general distrust of financial markets right now, Professor Lewis said, and “some of that has in some ways helped the crypto currency markets but at the same time it still hasn’t done anything to help people really learn what it is, or recognize the risk that’s involved.”
For those who are interested in finding out more about crypto currencies, Professor Lewis suggests the Coinbase.com website, which includes tutorials and tips for those just getting started in these newest and perhaps most secure of all new currencies.
