The majority of voters in swing states in the United States say the financial system is “outdated” but agree crypto isn’t the solution either.
A survey reveals that most voters in swing states in the United States believe the financial system is “outdated” but also concur that cryptocurrencies may not be the solution.
The Digital Currency Group and the Harris Group surveyed 1,201 individuals in six “swing states” (i.e., states where the Democratic Party or the Republican Party could win a statewide election).
According to previous research by Cointelegraph, more than ninety percent of these respondents intend to vote in the upcoming United States presidential election, and the crypto position of a candidate may significantly influence their decision.
The 7 May report found that while 70% of voters surveyed concurred that the current financial system is “outdated,” and 74% said the system requires an “overhaul,” only a third believed cryptocurrencies could solve this issue.
While nearly 75% of respondents agreed that cryptocurrencies are not more equitable than the current system, four out of five participants stated that the current financial system favors elites over average citizens.
While 35% of swing voters believe cryptocurrency is the future of transactions, only 41% concur that it represents a new path to financial security and prosperity.
Participants’ opinions regarding the current state of the financial system and whether or not cryptocurrencies can address its problems. The Harris Group and Digital Currency Group are the sources.
Those who own or have owned cryptocurrency in the past provided vastly different responses than those who have never interacted with it.
In the next half-year, over 90% of existing cryptocurrency owners intend to increase their coin holdings or sustain their portfolios. In contrast, a mere 7% of non-owners have any intention of investing in this asset class.
About 76% of respondents holding or holding cryptocurrency reported that it improved their financial situation. Between April 4 and 16, 2024, individuals hailing from Michigan, Nevada, Ohio, Montana, Pennsylvania, and Arizona participated in a 10-minute online survey.
To be eligible for participation, individuals needed to be citizens of the United States, have a minimum age of 18 and be enrolled to vote.
Additionally, moderate voters have little faith in political candidates who interfere with cryptocurrency developments, especially those who need to comprehend how the technology operates, according to the survey.
