In 2023, one in five US adults owns digital assets, a group of approximately 52 million people. This is evidenced by the Coinbase report.
The cryptocurrency exchange also conducted a survey on people’s attitudes towards the financial system. Nearly nine in ten (87%) Americans say change is needed. Another half (51%) of respondents believe the US economic model is unfair.
63% of cryptocurrency owners agree that the system unfairly favors the interests of powerful individuals.
In the states of Nevada, Ohio and Pennsylvania, more than 40% of digital asset holders use them to transfer money abroad and help family.
72% of people aged 18 to 34 believe that “cryptocurrency gives you direct control over your money.” The same proportion of respondents agree that “digital assets are the future of finance.”
“While a growing number of elected officials in Congress are advocating for legislation to regulate cryptocurrency and promote progress in the financial system, others are simply choosing to defend the status quo. And in a democracy, the will of the people can promote progress,” analysts noted.
Eighty-seven percent of Fortune 500 executives surveyed said clear regulations are essential to maintaining U.S. leadership in the global financial system, with a further 46% saying regulatory uncertainty is a barrier to investment.
Recall that in September, a ConsenSys study showed that 99% of Nigerians are aware of the existence of digital assets, overtaking the United States with 95%. According to global data, 92% of people around the world understand cryptocurrencies.
According to an April Pew Research Center poll, two-thirds of people in the United States are distrustful of crypto assets due to the banking crisis and regulatory issues.
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