cryptonews: 32% of Americans own crypto, but only a small percentage passes this Literacy Quiz 👀
Just 9% of the 1,000 respondents to the 30-question October survey from CryptoLiteracy.org received a passing grade of 60%, despite questions that were very basic.
What crypto is not doing, however, is becoming more diverse, with the survey report arguing that crypto has a "country club problem" with ownership skewing wealthy and well-educated. "Although these results suggest that we still have work to do to improve crypto literacy, the results are also encouraging as consumers are becoming more interested in learning about crypto and, therefore, more crypto literate."Looking at the understanding of fundamentals, CryptoLiteracy found that there is "a jargon problem" — with education on the vocabulary of crypto in need of support.
A token that represents a unique digital asset; B) A kind of cryptocurrency token that is non-fungible; C) An avatar used by a celebrity online; D) A cryptocurrency used by normal financial traders; E) I don't know.) So it's quite likely that the 8% who called not trusting crypto companies a barrier to investment would have been higher.
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