Most of the 76.66% of people who don’t invest in crypto avoid the investment because they don’t understand it. It is, after all, highly complex — but the same could be said for the stock market.
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“Blockchain and distributed ledger technology can be difficult to understand, but so are most traditional financial products,” said Harry Clynch, a writer for Disruption Banking, a crypto-focused online financial publication. “Trading Bitcoin is no more difficult than trading on foreign exchange markets, for example.”
Yes, crypto tech is complicated and unfamiliar — but so are the algorithms behind Facebook and Amazon, and you don’t need an advanced degree in computer science to subscribe to Prime or scroll your newsfeed.
“The internet as a technology is complex. However, no one needs to understand that complexity; they just need to be able to use it,” said Edson Ayllon, product manager for dHEDGE, a platform offering social asset management on the blockchain. “Crypto is the same in this way.”
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