Americans are suspicious of digital currencies
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Aug 1, 2017
Americans are suspicious of digital currencies

Digital currencies like Bitcoin and Ether may be increasingly commonplace, but understanding how they work can be a minefield. And this lack of clarity is affecting people's attitudes – many Americans see them predominantly as a tool for criminal activity, rather than a form of legal tender.

There's a lack of awareness around digital currencies – 34% of Americans haven’t heard of Bitcoin and 76% haven’t heard of Ether. When respondents were asked what they think digital currencies are used for, the most popular answer (29%) was to purchase illegal goods and services on the dark web. And while 37% said they weren’t sure if concepts like Bitcoin would become an accepted means of transaction in the next ten years, 28% believed they would not.