Survey: 92% of Global Respondents Have Basic Crypto Knowledge
Nigerians and Argentinians seem to be the most hopeful about the future of crypto, while Japanese, Americans, and Brits are mostly not.
Consensys and YouGov did a survey together and found that 92% of the people who took part knew about cryptocurrencies. 37% of people think that the asset class is the future money, while 26% think it is a scam.
People in the United States and the UK are more likely to think of digital currencies as part of scams.
Attitude Towards NFTs and Crypto
The survey, which asked over 15,000 people in the Americas, Asia, Europe, and Africa, showed that most of them knew what cryptocurrencies were and that many of them thought the business had a bright future.
Nearly 40% of the people who took part in the study think that the asset class could be the future of money, and 31% think it could be the future of digital ownership. Every fourth person looks down on the business and calls it a scam.
The people most likely to hold digital assets as a way to store value are from Nigeria (65%) and Argentina (56%). This could be because their banking system and local currencies are not very stable.
Nigerians are also the most likely to think of cryptocurrency as the money of the future. South Africans come in second, and Mexicans come in third. On the other hand, only 15% of Brits and 17% of Germans agree with this theory.
The poll talked about how technology affects the planet’s environment. 57% of Brazilians think it won’t hurt them, but only 25% of French people feel the same way.
After that, the research showed that Nigeria, South Africa, and Vietnam are the places where non-fungible tokens (NFTs) are used the most. 76% of British people who know about digital treasures have never owned any, while only 24% of Vietnamese people know about them.
“Results reveal that people worldwide are motivated to build and believe they are making valuable contributions online. This evolution indicates a shift in user behavior toward active participation, empowerment, and broader community ownership, characterized by Web3,” Consensys and YouGov concluded.
A Closer Look at Nigeria and Argentina
Nigerians and Argentines may be more likely to use cryptocurrency because their economies are unstable and their government currencies are losing value.
As CryptoPotato reported last summer, when the naira crashed hard, some people in the African country started to look for other ways to spend, like bitcoin and stablecoins.
Due to the country’s political chaos and financial instability, Argentines have welcomed the asset class with open arms. When Martin Guzman quit as Minister of Economy in 2022, the price of USDT in Argentine peso went through the roof on many markets.
