Survey Results: A Trust Gap
In a recent survey conducted by CivicScience, a staggering 40% of American adults questioned their trust in Facebook’s Libra cryptocurrency compared to Bitcoin and others like Ether (ETH) and XRP. Just 2% admitted they trust Libra more than Bitcoin, indicating a clear preference for cryptocurrencies that have been around longer and have established credibility.
Public Trust Erosion: The Facebook Effect
The public’s hesitation is palpable. An alarming 77% of respondents in the CivicScience poll said they do not trust Facebook with their personal data at all. That’s like saying you wouldn’t let your friend babysit your goldfish because they once forgot to water a cactus. Ouch!
Interest Levels: Or Lack Thereof
When it comes to enthusiasm for Libra, the results are a real downer for Facebook. A whopping 86% of Americans showed they aren’t interested in Libra or its digital wallet, Calibra. Only 5% expressed any sense of curiosity about this much-hyped project. It’s like offering free broccoli to kids—good luck with that!
Comparative Trust Levels: The Global Perspective
Trust issues surrounding Facebook’s Libra aren’t just confined to the U.S. A survey by Viber found that 49% of respondents in both the United States and the UK share skepticism towards Facebook’s own digital currency. Even in Germany, about 71% of citizens are skeptical about Libra. The message is clear: not even a Herculean marketing campaign can convince critics otherwise.
Conclusion: Will Libra Ever Rise?
As Facebook gears up for its launch, it seems that overcoming public disillusionment might be the toughest feat of all. Until then, looking at Bitcoin as the cool kid on the block while Libra struggles to find its footing may just be the status quo for the foreseeable future.
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