2024

United

April

The majority of Americans in swing states say the financial system is “outdated” but agree crypto may not be the solution either, a survey reveals.
The study, <a href="https://theblockchainassociation.org/wp-content/uploads/2024/05/DCG_HarrisPoll-Research-Report.pdf" target="_blank" rel="noopener noreferrer nofollow">conducted</a> by the Digital Currency Group and The Harris Group, surveyed 1,201 people in six “swing states” — a term given to states that could reasonably be won by either the Democratic or Republican parties in a state election.
Cointelegraph’s earlier reporting found that over <a href="https://cointelegraph.com/news/crypto-voters-united-states-harris-poll" rel="noopener noreferrer nofollow">90% of these respondents plan on voting</a> in the upcoming U.S. election and that a politician’s crypto stance could play a key role in their choices.
However, while 70% of the surveyed voters agreed that the current financial system is “outdated” and 74% say the system is in need of an “overhaul” only a third of respondents agreed crypto could solve this problem, the May 7 report found.
Four out of five participants said the current financial system <a href="https://cointelegraph.com/news/americans-frustrated-by-financial-system-inequality-20-own-crypto-survey" rel="noopener noreferrer nofollow">favors the elites over regular people,</a> but nearly 75% of respondents said crypto isn’t more equitable than the current system either.
Only 41% of swing voters agree that crypto represents a new way toward financial security and prosperity, while 35% believe crypto is the future of transacting.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-05/0ce34fa7-b4f0-4058-bb9c-1569f5178f6f.png">
 <figcaption style="text-align: center;">Participants’ view on the current financial system and whether crypto can solve those problems. Source: Digital Currency Group, The Harris Group
 </figcaption>
</figure>
However, there was a large discrepancy in answers between those who own crypto or have owned crypto in the past and those who have never touched it.
More than 90% of current crypto owners plan to buy more coins or maintain their portfolios over the next six months — while only 7% of non-crypto owners plan to invest in the asset class in that time.
About 76% of voters who hold or have held crypto said it positively impacted their financial well-being.
Related: <a href="https://cointelegraph.com/news/crypto-voters-swing-elections-poll" rel="noopener noreferrer nofollow">Crypto voters could provide ‘key swing’ in 2024 US elections: CCI poll</a>
The participants, from&nbsp;Michigan, Nevada, Ohio, Montana, Pennsylvania and Arizona, took part in a 10-minute online survey, conducted between April 4-16, 2024
They had to reside in the United States, be at least 18 and be registered to vote in order to participate.
The survey also found that swing voters <a href="https://cointelegraph.com/news/pro-crypto-us-voters-turning-trump-dont-trust-either-party" rel="noopener noreferrer nofollow">do not trust political candidates</a> who are interfering with cryptocurrency developments, particularly those who don’t understand how the technology works.
Magazine:<a href="https://cointelegraph.com/magazine/opinion-republican-crypto-maxis-democrat-anti-crypto-army-mchenry-warren/" rel="noopener noreferrer nofollow"> Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’</a>

Financial system ‘outdated’ but crypto is no fix either: US swing voters

Cointelegraph

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