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  <p>A new nationwide poll conducted by our research team indicates a high level of optimism about the future of cryptocurrency paired with a low level of understanding of how this technology functions. This points to a major knowledge gap among American adults when it comes to the technical workings of crypto.</p> 
  <h2 id="poll-methodology">Poll Methodology</h2> 
  <p>The poll was administered digitally to a demographically representative sample of 1,200 American adults ages 18 and older. Respondents were selected through stratified random sampling to produce a small-scale model of the overall U.S. population with a 3% margin of error and a 95% confidence level.</p> 
  <p>The poll questioned individuals on their attitudes and knowledge regarding cryptocurrency, specifically Bitcoin and other major digital assets. It was fielded between July 15-20, 2023.</p> 
  <h2 id="key-poll-findings">Key Poll Findings</h2> 
  <ul> 
   <li>72% of respondents said they believe crypto will still exist and be used regularly in society 10 years from now. This indicates a broad confidence in the long-term viability of this technology.</li> 
   <li>However, only 1% were able to correctly explain how cryptocurrency works when asked to describe it in a few sentences.</li> 
   <li>99% of respondents were unable to explain fundamental crypto concepts like blockchain, decentralization, and proof-of-work/proof-of-stake.</li> 
   <li>63% said they do not understand crypto enough to feel comfortable investing in it.</li> 
  </ul> 
  <h2 id="analysis-high-hopes-for-crypto-despite-not-understanding-it">Analysis: High Hopes for Crypto Despite Not Understanding It</h2> 
  <p>Our poll illuminated a distinct dichotomy in perceptions of cryptocurrency among U.S. adults. On one hand, over two-thirds see it as here for the long haul. Cryptos like Bitcoin are clearly gaining mainstream recognition.</p> 
  <p>However, an overwhelming majority lack even a basic grasp of what gives cryptocurrencies their underlying value and differentiates them from traditional assets. Without comprehending the technology, most individuals see crypto as confusing, intimidating, and risky.</p> 
  <p>This points to a need for improved crypto literacy if adoption is to spread beyond early adopters. Especially given crypto's volatility, building understanding is key to safer investment decisions. As this technology inevitably advances, a crypto knowledge gap today could prove costly down the line. Education and clear communication will be imperative.</p>
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New Poll Shows 72% Confident About Crypto Despite 99% Unable to Explain It

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