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Huobi: 23% of Americans polled believe crypto is a scam/bubble and will crash

ONE opinion poll A new report from Hong Kong-based exchange Huobi Global shows that two dog-themed memecoins are among the most popular crypto assets in the US.

The study surveyed 3,144 US adults and showed that Bitcoin is the country’s most popular cryptocurrency, with over 83% of respondents saying they had heard of BTC.

Dogecoin (DOGE) comes in second, with 54.10% of survey respondents saying they’ve heard of the top memecoin. Ethereum (ETH) is in third place, followed by Dogecoin competitor Shiba Inu (SHIB).

Source: Huobi Global

The survey also explores the top concerns preventing respondents from participating in the cryptocurrency market.

52% say they are “not smart enough to invest” while 42% say investing in crypto is too risky. Additionally, 34% believe the lack of regulatory clarity around digital assets is preventing them from investing in crypto assets. Finally, a lack of capital is also a concern for 25% of respondents.

Source: Huobi Global

Regarding the future of the crypto industry, respondents gave mixed answers, but the majority was unknown at 42%.

Accordingly, 19% said the crypto industry will change the definition of money; 23% said they are not confident about the future of the crypto industry and think everything is a “scam/bubble will collapse” and 16% believe the crypto industry will “explode” but not by much.”

Source: Huobi Global

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.