Recent polls have shown at least 60% of people asked—sometimes as many as 90%—have absolutely no idea what crypto is or how it works but would definitely not put their own money in it.
Blockchain-based lender Figure Technology Solutions has officially filed for an initial public offering, marking another move by crypto-related firms seeking a slice of the trillion-dollar machine of public markets.
Both crypto bros and the banks that love them are already celebrating the move to go public, which they say marks a significant milestone in the evolving intersection of cryptocurrencies, blockchain technology, and mainstream finance.
Analysts posit that this signals a broader shift in how people previously unfamiliar with crypto are getting more comfortable investing in it.
“Crypto is becoming one of the big pillars of the IPO market,” IPOX CEO Josef Schuster told Reuters, referring to companies going public through blank-check mergers.
That thus far has gone against all logic provided by recent polls, which have shown at least 60% of people asked, and sometimes as many as 90%, have absolutely no idea what crypto is or how it works but would definitely not put their own money in it.
“It just seems questionable,” one respondent to this National Cryptocurrency Association poll said in July 2025.
Figure CEO Mike Cagney nodded to this proof-of-concept or no dice investor attitude in a 2021 interview.
“When we started back in 2018, I think our hope was that we could just be a blockchain-technology company and not have to build another lending business and a payments business and everything else,” Cagney said.
