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Most American adults believe the financial system favors powerful pursuits, 20% own cryptocurrency

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Most American adults believe the financial system favors powerful pursuits, 20% own cryptocurrency

Source: blockchain.news

A recent survey by Morning Consult and commissioned by Coinbase revealed that the majority of American adults believe that the global financial system unfairly favors powerful interests. The online survey, which was conducted in February 2023 and included responses from more than 2,000 American adults, found that 80% of respondents felt that the financial system is not fair to everyone and favors those with powerful interests.

The survey also found that 67% of respondents called for a major overhaul or major changes to the current financial system. The findings suggest that many Americans are dissatisfied with the current system and believe it needs to be reformed to better serve the needs of ordinary citizens.

Interestingly, despite the recent negative news about cryptocurrencies and the crypto market, the survey found that 20% of respondents own cryptocurrencies and almost a third plan to buy, sell or trade cryptocurrencies in the coming year. These numbers have held steady over the past year, indicating that the recent market turmoil may not have affected retail investor confidence in cryptocurrencies in the United States.

The survey provides important insights into the perception of the global financial system and how it is viewed by American adults and crypto investors. It highlights the need for major changes in the financial system to address concerns about fairness and equality, and suggests that many Americans still see the crypto market as a viable investment option.

It is worth noting that the survey was commissioned by Coinbase, a leading crypto exchange, which may have influenced the results. However, the findings are consistent with other surveys and studies that have shown growing dissatisfaction with the current financial system and growing interest in cryptocurrencies as an alternative investment option.

Overall, the survey provides valuable insight into the current state of the financial system and the crypto market, suggesting that major changes are needed to address the concerns of ordinary citizens and ensure a fairer and fairer system for all.

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