80% have heard of it but probably barely 1% truly understand what it is
True, but to be fair a higher percentage of Americans have heard of banking but a small fraction of those truly understand what it is
I think more people understand banking or the basics of banking than they do Bitcoin. There's obviously intricacies in both but with Bitcoin many people really have no clue what it actually is.
I agree with you on that, however banking has been around since we were all born and well before that.
Bitcoin, and crypto itself will be better understood by the generations that grow up with it in their lives.