RATE Group | Honesty and Education Will Help Bitcoin Build Trust – Survey
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Honesty and Education Will Help Bitcoin Build Trust – Survey

12 May Honesty and Education Will Help Bitcoin Build Trust – Survey

Posted at 20:58h in Bitcoin News by

Honesty and Education Will Help Bitcoin Build Trust – Survey 101
Source: Adobe/Pixel-Shot

Education and honesty could help cryptocurrencies, such as Bitcoin (BTC), achieve mainstream acceptance, per a new report.

These were the findings of the 2020 Edelman Trust Barometer, a survey that garnered data from 34,000 people in 26 regions, with 1,150 respondents in each market.

Although just under half of those surveyed said that they trust cryptocurrencies, respondents did shed insight on the kind of things that might change their minds. Almost half of the respondents (47%) stated that “communicating crypto’s downsides” may increase trust more than any other measure, more so even than the second-placed “communicating crypto’s benefits” (46%).

“The more they know, the more they see potential for positive impact [of crypto],” the authors stressed.

Percent who report what they think the impact of cryptocurrency/blockchain will be among levels of informed:

Honesty and Education Will Help Bitcoin Build Trust – Survey 102
Source: 2020 Edelman Trust Barometer

A shared code of ethics would also be popular…

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