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Of 1,000 respondents amongst the age to get and you may forty, 70% incorrectly assumed cryptocurrencies have been controlled, 75% away from more youthful crypto buyers said to be driven from the race that have relatives and buddies, and you will 58% mentioned that social media lured them to generate high risk investments. Fewer than one in ten possible cryptocurrency people were familiar with consumer warnings for the Financial Conduct Authority (FCA) website, and you may several% away from crypto users just weren’t aware that its holdings just weren’t protected by legal compensation. Authorities in several places features cautioned against cryptocurrency and some features pulled steps to help you discourage profiles.

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