Majority of Americans See Financial System as ‘Outdated,’ But Remain Skeptical of Crypto as Solution

cryptonews.com:

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Group and The Harris Group has revealed that  a majority of  Americans in swing states view the financial system as  “ outdated.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conducted between April 4 and 16, 2024, found that 70% of the respondents agreed that the current financial system is outdated, with 74% stating that it is in need of an overhaul.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