A recent study by Lendedu.com shows that of 1000 survey respondents who have heard of Bitcoin nearly half were unsure of its legality in the US.

Bitcoin, a worldwide, decentralized cryptocurrency is growing in popularity and relevance each day.While many people have heard of bitcoin, they associate it with conducting suspicious behavior on the web. So, is it legal? It IS legal to own Bitcoin in the US and it is no surprise that millennials are adapting to the digital currency quicker than older respondents. And while most say they know what bitcoin is over 85% have never owned bitcoin.