The cryptocurrency market is still in its infancy, and the overpowering sense of possibility is strong. The range of attitudes toward crypto is generally broad, but recent surveys shed light on certain inclinations one way or another. On one hand, we see beginners who venture into projects they fail to fully grasp, and on the other, we see aspirants to crypto investing who question their capability of getting involved.
At one end of the spectrum are the crypto dilettantes, where interestingly, understanding and confidence tend to be inversely correlated. Last year, Dutch bank ING interviewed around 10,500 people in Europe about cryptocurrencies. Of the 13% with the lowest crypto knowledge, 80% demonstrated high or medium confidence in its future. The cognitive bias these findings suggest makes for an uncomfortable journey toward crypto mass adoption. Still, I believe that interest, whether matched by sound understanding or not, is a step in the right direction.