Most Americans Do Not Really Know What Bitcoin Is

bitcoin

According to the research conducted by The Knowledge Academy, the financial education of the US citizens leaves much to be desired.

The survey, which included the answers of more than 1000 participants, stated that Bitcoin turned out to be the most confusing financial term. Other poorly understood words were “asset allocation”, “liquidity”, “index fund”.

Thus, we can conclude that even though cryptocurrency is quickly gaining popularity, most common people are still unaware of what it actually is, and they need to be better educated on this topic.

We remind you:

Merriam-Webster Replenished the Scrabble Word List With the Word “Bitcoin”

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