Published Aug 27, 2026, 5:32 PM ET · Updated 3 months ago · 1 source

Public perception of crypto as a scam is exploited by industry complexity

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Original Report

The majority of the public (84%) has not engaged with crypto and often perceives it as a scam due to its complexity, which the industry leverages, akin to 'The Emperor's New Clothes,' to make people feel unintelligent if they don't understand it, thereby drawing a small percentage into a cult-like belief.