People In UK Are Eager For Cryptocurrency But Few Knows About It Actually

Recent records shows, People in the UK are more interested in Cryptocurrency but only few of them know about basic information about Cryptocurrency.

According to the latest data survey, 78% of the citizens of the UK are eager to get into bitcoin & Cryptocurrency investment but most of them are not educated about the technology of Cryptocurrency and other basics.

More Holders In Crypto But Less Knowledge In Crypto 

Digital assets industry is complicated for UK citizens. Share of the people who are contributing in Cryptocurrency investment is significantly lower than other countries.

In 2020, only 73% people heard about Cryptocurrency and this amount increased by 5% in 2021.

So now in the present year 2021, 78% knows about Cryptocurrency.

And in 2020, only 3.9% of the people who invested in Cryptocurrency know about Cryptocurrency, while in the present year 2021 this percentage surged by 0.5%.

So local investment in Cryptocurrency is more in comparison to last year.

According to survey, 47% of the population considered Cryptocurrency investment as a gamble category but now these people’s number is reduced to 38%

And now more people agree with Cryptocurrency investment as a good option.

Lack Of Crypto Education

According to a report from FCA, Most of the Britons have no knowledge about Cryptocurrency. 

Since most of the people are engaged in Cryptocurrency investment but they don’t know about it from a crypto education point of view.

So most of the Investors don’t know what they are buying.

Most of the citizens of the UK are only eager to invest in Bitcoin instead of any type of Share/stock market assets.

Probably this is a part of the popularity of Bitcoin instead of other Cryptocurrency assets.

A recent report we can see where people are more eager in Crypto investment than in shares, check here.