Key Points:
Approximately one in five adults in the United States now holds digital assets, constituting a formidable group of 52 million individuals. This surge in crypto adoption has the potential to shape future political and economic dynamics in the country.
Coinbase‘s findings are based on a comprehensive study conducted earlier this year, which shed light on American sentiments regarding the financial system. An overwhelming 87% of respondents expressed a desire for reform within the financial sector. Half of those surveyed (51%) believe that the current financial system unfairly favors select groups, leaving many feeling excluded. Only a mere 14% maintain optimism about the system’s future.
Moreover, the research underscores the democratizing potential of blockchain technology. A striking 63% of cryptocurrency owners agree that the existing financial system disproportionately benefits powerful interests.
The influence of crypto ownership extends into the realm of politics. A fall 2022 poll conducted in New Hampshire, Nevada, Ohio, and Pennsylvania revealed that 55% of voters in these key states would be less inclined to support candidates who oppose cryptocurrencies and Web3 technologies. This represents a shift in voter priorities, especially when compared to the 2020 presidential election, when 61% of Americans cast their votes for Joe Biden.
With 52 million crypto owners in the United States, a diverse group that skews younger and more working-class than the general population, the crypto community is emerging as a formidable force. Their collective influence is expected to play a pivotal role in shaping the future of the nation’s financial system and political landscape.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
This website uses cookies.