A new survey by the Bitcoin mining platform (BTC) Gomining reveals a surprising education gap among crypto enthusiasts, which can slow down the wider adoption.
Almost 17 years after Satoshi Nakamoto extracted the first Bitcoin, most users still do not feel confident about its fundamental principles despite its market capitalization of billions of dollars.
Users know that bitcoin is important, but I don’t know how it works
The survey, shared exclusively with Beincrypto, identifies a direct link between cryptographic education and market participation.
To start, only 34% of respondents feel “very confident” about the Bitcoin ecosystem, the majority expressing its confusion on the functioning of Bitcoin.
Some respondents quote frustrated online contradictory information and the persistent educational barrier of the industry. While many respondents are willing to engage more actively with Bitcoin, they often feel retained by the complexity of basic concepts.
“More than 70% of users have admitted feeling outdated when they tried to find out about the subject,” said the survey.
This obstacle suggests that education can be as crucial for adoption as pricing or regulatory clarity.
Regarding how much they would explain Bitcoin to a friend, 9.6% said they would sound like a pro “. Meanwhile, 66.3% of respondents said they couldn’t explain that the bases or would find it difficult to articulate anything.
What are the biggest pain points for Bitcoin users?
The survey highlights the biggest challenges. 28.2% of users indicated “how the mine works” as the most confusing aspect of Bitcoin.
After that, the “technical terms” were also presented as a serious concern, with 22.2% of Respondents highlight this as a challenge. Meanwhile, 26.5% said they didn’t know when buying or selling bitcoin.
Overall, the points of pain highlight the emotional and practical complexity with which the users with which the users are confronted even after having entered the cryptography ecosystem.
In this context, 36.6% of participants in the survey want real step -by -step guides to help them understand the market.
Meanwhile, 30.8% want short explanatory videos, while 33.4% prefer actual examples and case studies. Interestingly, only 26.1% said that simple and non -technical explanations would make them comfortable in space.
Although many users are not opposed to learning, these preferences show that industry is short of intuitive and digestible resources. In this context, many users remain hesitant or confused about Bitcoin, not due to a lack of interest, but a lack of clarity.
This educational gap could slow down adoption, because understanding the functioning of bitcoin at a fundamental level remains an obstacle for the most part.
In particular, the survey comes in the middle of the growing popularity of Bitcoin, traditional or institutional players flowing towards the sector. Experts say that the wave of Bitcoin cash companies could possibly position them among the best companies in Wall Street in the next decade.
In particular, this survey was barely carried out a month ago during the last week of June, with more than 2,600 respondents in North America and Europe.
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