For the past year, adult Americans’ possession of cryptocurrencies has remained stable, with a sizable fraction appearing to be “frustrated” by the unfairness of the world’s financial system. According to a recent poll, twenty percent of American adults presently hold bitcoin, while an astounding eighty percent of Americans feel that individuals with strong “interests” are favoured by the monetary system. Over 2,000 American adults took part in a web survey carried out in February on behalf of the cryptocurrency exchange Coinbase. The results showed that eighty percent of participants believe the global financial system unfairly favour powerful interests, and sixty-seven percent demanded a significant shift or a complete overhaul of the economic structure.
The study was conducted by Morning Consult, a business analytics firm, to see how American citizens and cryptocurrency shareholders felt about the direction of the industry and trades for cryptocurrencies as well as how they perceived the global monetary system. It had been discovered that twenty percent of participants answered that they currently possess cryptocurrency, and thirty percent said they intend to acquire, sell, or exchange cryptocurrency in the upcoming year, despite current FUD and negative news coming from the cryptocurrency market.
According to Morning Consult, the figures have been stable from January 2022, fluctuating anywhere from seventeen percent and twenty percent over the previous twelve months, indicating that the current economic volatility might not have affected American retail shareholder trust in cryptocurrencies.There are good reasons to be positive about the prospects of cryptocurrency, according to the firm. Americans are generally fed up with the economic structure’s disparity and are desperate for a reformation.
There is still a lot of youth enthusiasm in cryptocurrency. The likelihood that Black and Hispanic adults are going to hold a positive opinion of cryptocurrencies is considerably higher than that of White individuals, and they are furthermore prone compared to any other group to believe that blockchain and cryptocurrencies are the promising prospects ahead.
In keeping with some market analysts, the next bull run will begin when China changes its position on cryptocurrencies. Even so, the poll discovered that more Americans would be eager to trade if trades were much more dependable and safe. Two-thirds of the American public at large ranked safe and dependable transactions as essential. In contrast, ninety-one percent of cryptocurrency shareholders agreed that a reliable, safe infrastructure is essential for the industry. 500 American bitcoin purchasers and 2,202 senior citizens countrywide were surveyed by Morning Consult around February 10 and February 14 for the research.