Published On: Wed, May 16th, 2018

Bitcoin Beats Jamie Dimon as Only 17% Believe Crypto is a ‘Scam’

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Just 17% of US adults think that cryptocurrency is a “scam,” according to a new survey which sheds fresh light on mainstream consumers’ relationships to Bitcoin and altcoins.
40% ‘Aren’t Interested’
Compiled by finance website, 2001 people responded to various basic questions about cryptocurrency.
7.95% had already purchased some form of cryptoasset, with another 7.76% planning to do so in future, the results report.
Those who were not planning to do so said it was mostly (40%) either superfluous to their requirements or they simply weren’t interested.
“This reason is followed by 35.02% who say that the risk is too high, 27.04% who find it too difficult to understand and 17.97% who say it’s a scam,” Finder adds.

Previous comments by JPMorgan CEO Jamie Dimon that Bitcoin was a “fraud” threatened to bring the concept into mainstream consciousness as a de facto ‘truth’ in September 2017, but Dimon subsequently took back his words.
Early Days For Bitcoin
The results reaffirm what many already know to be true about the current state of cryptocurrency: consumer adoption is still far out, with financial institutions due to adopt the technology long before the average …

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