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Every fifth U.S. resident has used cryptocurrencies

Every fifth U.S. resident has used cryptocurrencies

The researchers reached this conclusion based on a survey of 1,000 respondents representing all walks of life in the country. The margin of error of the study was 3.1%

According to CNBC, 21% of all respondents indicated that they had traded, invested, or otherwise used cryptocurrency. Respondents cited privacy, security, high transaction speed, and low costs as major cryptocurrency advantages. However, the main benefit was the coverage of people who do not have access to the banking system - we are talking mostly about the poor segments of the population. 

Still, 56% of respondents said they were neutral or wary of cryptocurrencies. Another 25% were negative, and only 19% were positive about cryptocurrencies. Supposedly, such attitudes are formed due to the lack of clear rules and regulators that would ensure an equitable approach to all market participants. 

Recall that constant reports of hacking and theft of digital assets, such as U.S. police seize $3.6 billion worth of bitcoins from hackers, also undermine user confidence in cryptocurrency. 

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