A Pew Research Center study determined that most US residents (88%) have at least basic knowledge about cryptocurrencies. However, only 24% think investing, trading, or using digital assets is safe and reliable.

The percentage varies in the different demographic groups: adults aged 50+ are more likely to be skeptical (85%) than younger individuals (66%).

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17% of the participants in the research admitted to dealing with cryptocurrencies at one point in their lives. Attitudes differ based on gender, age, race, ethnicity, and income level. 

For example, 41% of men aged 18 to 29 said they have invested or used the asset class compared with 16% of the women in the same range. 

Digital assets seem to be more popular among minorities. 24% of the Asian respondents and 21% of the Black and Hispanic ones said they have jumped into the ecosystem. In comparison, only 14% of White adults have done so.

Knowledge appears to be on a high level, with almost 90% of participants stating they have heard at least a little about bitcoin and some alternative coins. However, 75% are unconvinced about the asset class’ safety and reliability. Just 2% said they feel “extremely confident” when delving in, while 4% ranked as “very confident.” 

Women are slightly more skeptical than men, with 80% placed in the “non-confident” zone (compared with 71% of males).

It is worth mentioning that investors have much higher trust in cryptocurrencies. One in five of those are either “extremely” or “very confident,” while only 2% of those who have not distributed funds in the asset class have a