Nearly all of Individuals view cryptocurrency as an unsafe monetary funding, in keeping with a latest YouGov ballot of greater than 1,200 US residents.

The survey revealed that 55% contemplate it to be both very or considerably unsafe, with solely 18% describing it as secure.

Moreover, even those that already personal cryptocurrencies are nearly as prone to view it as an unsafe as those that are but to purchase digital property. 

The outcomes additionally recommend that many Individuals would really like the US authorities to ramp up crypto regulation. A complete of 46% mentioned they supported such regulation — together with 55% of Democrats and 50% of Republicans.

The outcomes from this YouGov ballot recommend that many Individuals perceive the dangers related to cryptocurrency investments, but additionally acknowledge potential for improvement throughout the trade supplied elevated authorities regulation is put in place. As authorities businesses proceed to grapple with find out how to police these markets, it stays unsure whether or not future laws will have the ability to present customers with sufficient safety to encourage additional development of crypto. 

Notably, the vast majority of Individuals (66%) have additionally heard in regards to the arrest of disgraced FTX founder Sam Bankman-Fried. A lot of the ballot respondents suppose that Bankman-Fried will and must be convicted for his actions and have an unfavorable view of him total — significantly older Individuals and people at present concerned within the crypto market.