The Biggest Barrier That Stops Investors From Buying Cryptocurrencies Is Education

During the massive bull run last year, many got interested in cryptocurrencies and the interest kept rising this year as well. In today’s crypto news, we take a look at how education influences the interest in buying cryptocurrencies.

The interest kept rising when a lot of hedge companies and fund managers saw the opportunity to make hundreds and millions in crypto and. Retail investors also saw a huge opportunity and people got even more interested in blockchain and tokenized platforms.

However, simply being interested is not enough for people to be on board.
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Diving into the world of cryptocurrency without understanding is a certain way to lose everything you got. The good news is that very few people decide to invest unless they know all the information they need.

Out of 1000 people, almost 400 noted a lack of decent education but more importantly lack educational resources. Those who are already in the community know that there are plenty of educational resources available but they do ask for a pre-existing knowledge with the basics of cryptocurrency.

Another interesting fact is that more than 60% of both genders show interest in crypto investments but men, however, men believe that the volatility in prices to be the thing that keeps them away and woman find it difficult to find the best educational resources that they need to feel comfortable enough to invest.

According to a survey report:

Millennials significantly more in favor of using financial advisors compared to Gen X, Boomers: 19% of Millennials planned on using a financial advisor to buy or sell products such as stocks, ETFs, or crypto assets, while only 11% of Gen X and 12% of Boomers indicated the same.