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Most NoCoiners Simply Don’t Understand Bitcoin, Finds Block Study

Most NoCoiners Simply Don’t Understand Bitcoin, Finds Block Study



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14 Comments

  1. tldr; Jack Dorsey’s financial company Block has unveiled a survey from January examining the top reasons that people don’t buy Bitcoin. The top reason, cited by 51% of respondents, was that they simply don’t understand it well enough. Other common reasons for avoiding Bitcoin included cybersecurity risks and price volatility.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. In all fairness, they probably do not understand most investment vehicles. I’m surprised “I don’tunderstand it” responses are not higher than 50% of responses.

    For example, ask a nocoiner if they understand an ETF, REIT, or a mutual fund?

  3. Thats why I educate people when they ask instead of treating them like they are stupid. I have had many friends and family members come over for dinner to have me teach them about bitcoin

  4. It is fantastic! Bitcoin determines stupid people so simple! I would never believe that there are so many so stupid people in the world! It really becomes scary to see it, to aware it.

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