Majority of Americans See Financial System as ‘Outdated,’ But Remain Skeptical of Crypto as Solution
A recent survey conducted by the Digital Currency Group and The Harris Group has revealed that a majority of Americans in swing states view the financial system as “ outdated. ”
However, despite this sentiment, they remain skeptical about cryptocurrency as a solution.
The study involved 1,201 participants from six swing states, which are states where either the Democratic or Republican party could reasonably win in an election.
The survey, conducted between April 4 and 16, 2024, found that 70% of the respondents agreed that the current financial system is outdated, with 74% stating that it is in need of an overhaul.
However, only around a third of the participants believed that cryptocurrency could address this issue.
Furthermore, nearly 75% of the respondents did not consider crypto to be more equitable than the existing system, despite 80% believing that the current financial system favors the elites over regular individuals.
When it came to the future of cryptocurrency, opinions varied.
Only 41% of swing voters agreed that crypto represents a new path towards financial security and prosperity, while 35% believed that it is the future of transacting.
Interestingly, there was a significant difference in responses between those who own or have owned cryptocurrency and those who have never engaged with it.
Over 90% of current crypto owners expressed their intention to either buy more coins or maintain their portfolios in the next six months, whereas only 7% of non-crypto owners planned to invest in the asset class.
The survey also shed light on the impact of cryptocurrency on financial well-being.
Approximately 76% of voters who hold or have held crypto stated that it had a positive
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