Kaspersky Cryptocurrency Report 2019 - Reason's Affecting Global Adoption.

Kaspersky Cryptocurrency Report 2019 - Reason's Affecting Global Adoption.

2019-06-22 | Eddy Morgan

Kaspersky Cryptocurrency Report 2019 - Reason's Affecting Global Adoption.

A recent 'survey' conducted by the renowned cybersecurity firm named ‘Kaspersky Labs’ earlier on 17th June found that around 19% of the individuals in 2019 have purchased cryptocurrencies globally.

The survey, named “The Kaspersky Cryptocurrency Report 2019,” was conducted earlier in the month of October & November last year, with over 13,400 respondents within 22 countries.

As per the report, about 81% of the total global population never purchased 'cryptocurrencies', while solely 10% of respondents aforesaid they “completely know how cryptocurrencies work.”

Meanwhile, around 14% of those who haven’t never used cryptocurrencies said that they would love to try within the mere future, the report adds.

[caption id="attachment_8162" align="aligncenter" width="567"]Kaspersky Cryptocurrency Report 2019 - Reason's Affecting Global Adoption. Key Analysis Point's Of The Conducted Survey - Kaspersky Lab.[/caption]

Among several other reasons why international crypto investors have stopped employing cryptocurrencies, majority of respondents cited its “too high” volatility, implying that the requirement of stability before they're ready to use them.

While volatility factor accounted for around 31%, other vital reasons enclosed loss of money within the bear market, likewise as a belief that crypto “is not profitable any longer,” with each factors equally amounted to about 23% among the respondents.

With that, about 22% of the respondents claimed that they stopped employing cryptocurrencies as they're not backed with real assets. Moreover, the cases of associated 'hacks' and 'fraud' vulnerabilities weren’t the major reasons for the global cryptocurrency users becoming disillusioned, with the respondents citing these factors summed to just around 19% & 15%, respectively. [caption id="attachment_8163" align="aligncenter" width="483"] Why People Fear Using Cryptocurrencies? - Kaspersky Report.[/caption]

Within an 'official press-release', Kaspersky team outlined that the adoption of 'cryptocurrency' industry by international individuals is slowly following a down trend due to a lack of proper understanding of how these crypto assets actually work.

Earlier also, an another 'survey' found that nearly around 12% of American cryptocurrency holders are actually long-term investors.

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