The vast majority of Individuals view cryptocurrency as an unsafe monetary funding, in line with a current YouGov ballot of greater than 1,200 US residents.
The survey revealed that 55% think about it to be both very or considerably unsafe, with solely 18% describing it as protected.
Moreover, even those that already personal cryptocurrencies are nearly as more likely to view it as an unsafe as those that are but to purchase digital property.
The outcomes additionally counsel that many Individuals would really like the US authorities to ramp up crypto regulation. A complete of 46% mentioned they supported such regulation — together with 55% of Democrats and 50% of Republicans.
The outcomes from this YouGov ballot counsel that many Individuals perceive the dangers related to cryptocurrency investments, but in addition acknowledge potential for improvement throughout the trade offered elevated authorities regulation is put in place. As authorities companies proceed to grapple with tips on how to police these markets, it stays unsure whether or not future laws will be capable of present customers with sufficient safety to encourage additional progress of crypto.
Notably, nearly all of Individuals (66%) have additionally heard in regards to the arrest of disgraced FTX founder Sam Bankman-Fried. Many of the ballot respondents suppose that Bankman-Fried will and needs to be convicted for his actions and have an unfavorable view of him general — significantly older Individuals and people presently concerned within the crypto market.