“The share of Americans who own several other well-known digital coins underscores how far these currencies have to go: Less than 2 percent of Americans own Ethereum and less than 1 percent own Ripple, the survey found,” according to CNBC.
After bitcoin, the largest cryptocurrencies are Ethereum, Ripple, Bitcoin Cash and Litecoin.
“More than 40 percent of Americans who hadn’t purchased cryptocurrencies said their reason was disinterest or believing there is no need to do so. Another 35 percent said the risk is too high, according to the survey,” reports CNBC. “To that point, 27 percent of people said it’s too difficult to understand and another 18 percent said they believe it’s a scam.”
For more information on the cryptocurrency, visit our Bitcoin category.