Blockchain is a technology of increasing importance. It is difficult to build a thorough understanding of blockchain as it relies on multiple abstract and technological building blocks. Therefore, it is not surprising that a number of misconceptions circulate on the topic of blockchain. This paper filters and categorizes existing research on people’s perceptions of blockchain technology and misconceptions. The identified gap in addressing and overcoming misconceptions leads to the theory of threshold concepts. The fundamentals and potentials of the approach in the field of blockchain are elaborated. The paper ends with a call for future research in this direction.