What percentage of people understand about how Bitcoin works or just it makes money ?
Introduction
Most people do not fully understand how Bitcoin works, but rather view it primarily as an investment opportunity. While awareness of Bitcoin has grown significantly in recent years, with about 90% of people having heard of it, only a small percentage truly comprehend its underlying technology and principles.
Current Trends
Recent surveys indicate that cryptocurrency ownership has increased, with approximately 28% of American adults owning cryptocurrencies in 2025, up from 15% in 2021. However, this growth in adoption does not necessarily correlate with a deep understanding of the technology. Many investors are driven by the potential for financial gain rather than a thorough grasp of Bitcoin’s mechanics.
Survey 2024
A 2024 survey revealed that even among cryptocurrency owners, there are significant knowledge gaps:
Only 22% correctly identified a private key’s role in managing cryptocurrency
Just 14% understand DeFi’s functionality
Merely 9% know the role of staking in blockchain ecosystem
Profit matters
These statistics suggest that while more people are investing in Bitcoin and other cryptocurrencies, the majority lack a comprehensive understanding of how the technology works. Instead, many are attracted by the potential for profit, with 69% of current crypto owners reporting gains in their portfolios.
Conclusion
The complexity of Bitcoin’s underlying technology, combined with its volatile price movements, has led to a situation where most people view it primarily as a speculative investment rather than fully grasping its technological innovations and potential societal impacts
FAF Review
With the recent Executive Order and the appointment of a dedicated cryptocurrency team, there is an increasing focus on raising public awareness about this sector, similar to the attention AI has garnered following the emergence of the Chinese AI tool, DeepSeek.
We strongly encourage individuals to educate themselves about the cryptocurrency world, especially in today's rapidly evolving economic landscape.
These are high-risk financial markets, and many people invest based on hearsay and prevailing market trends. The cryptocurrency sector is relatively new and highly complex.
To assist in understanding this field, we have developed a series of ten publications, beginning with "Crypto 101 for Dummies," and extending to more detailed discussions on blockchain technology and the requirements for establishing cryptocurrency mining centers.
The regulations surrounding cryptocurrency managers and miners are evolving, with a shift towards more sophisticated transactions and increased focus on security, while incentives are becoming less prominent.
We invite you to review all of our publications, which are crafted with the goal of benefiting you all.
