(AUSTIN) — Nearly 9 out of 10 Americans have heard at least a little about cryptocurrencies, and 16 percent have invested in, traded or used a cryptocurrency, according to a 2021 Pew Research Center survey.
Even though more Americans are familiar with cryptocurrency — only about 48 percent of respondents in 2015 reported hearing about bitcoin — skepticism is growing. Critics have called cryptocurrency a scam, a pyramid scheme and much more.
In the recently released August issue of Fiscal Notes, the Comptroller’s office provides an overview of cryptocurrency and explains its rise since 2009 as well as its continued interest among some investors.
“Cryptocurrency frequently appears in the news, but what it is and how it is used remains a mystery to many Texans,” Texas Comptroller Glenn Hegar said. “Maybe that’s because crypto, as it’s often called, has its own lingo or because it can seem like something out of a science fiction movie, with its complex software programs and digitized...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...