The majority of Americans in swing states have expressed their dissatisfaction with the outdated financial system, according to a recent survey conducted by the Digital Currency Group and The Harris Group. Out of the 1,201 participants from six swing states, 70% agreed that the current financial system is in dire need of an overhaul. However, despite this sentiment, they remain doubtful about cryptocurrency as a viable solution.
Interestingly, even though 80% of respondents believed that the current financial system favors the elites over regular individuals, nearly 75% did not consider cryptocurrency to be more equitable. Only a third of participants believed that cryptocurrency could address the outdated financial system.
Opinions on the future of cryptocurrency varied among swing voters. Only 41% agreed that crypto represents a new path towards financial security and prosperity, while 35% believed that it is the future of transacting.
A notable difference in responses was observed between those who have owned or currently own cryptocurrency and those who have never engaged with it. Over 90% of current crypto owners expressed their intention to either buy more coins or maintain their portfolios in the next six months, while only 7% of non-crypto owners planned to invest in the asset class.
The survey also revealed that cryptocurrency has had a positive influence on the financial well-being of approximately 76% of voters who hold or have held crypto.
Furthermore, the survey examined the level of trust swing voters have in political candidates when it comes to cryptocurrency developments. It found that candidates who interfere with cryptocurrency without a proper understanding of the technology are not trusted by these voters.
Digital assets have already become a campaign issue for Republican Party presidential candidates. Florida Governor Ron DeSantis, who later dropped out of the race, expressed opposition to central bank digital currencies in the United States. Former President Donald Trump has also vowed to prevent the introduction of a digital dollar if he were to be reelected. He called the prospect of a central bank digital currency (CBDC) a “very dangerous thing” in a recent interview.
It is evident that the majority of US voters believe that presidential candidates should have an informed perspective on innovative technologies like artificial intelligence (AI) and cryptocurrency. Additionally, California voters who own cryptocurrencies are expected to have a significant impact on the 2024 elections, according to a recent report from Coinbase.
