A national survey commissioned by Coinbase suggests that approximately 20% of US adults currently own crypto. Additionally, 29% of U.S. adults plan to buy or trade crypto in the next 12 months.” The majority of Americans want to update the financial system, and they believe crypto will be a powerful part of the solution.” Coinbase stated.
Coinbase commissioned a crypto study
Morning Consult conducted a nationwide survey of 2,202 people from the general public between February 10 and 14.” The market research firm explains that “data was weighted to be representative of U.S. adults based on age, race/ethnicity, gender, education, and region.” The purpose of the study was to investigate perceptions of the global financial system and how U.S. adults and cryptocurrency investors view the future of crypto markets and exchanges.”
Citing the survey results, Coinbase, the NASDAQ-listed cryptocurrency exchange that commissioned the study, commented:
The majority of Americans want to update the financial system and they believe crypto can be a powerful part of the solution.
Noting that “80% of Americans believe the global financial system unfairly favors powerful interests” and “67% of Americans agree that the financial system needs major changes or a complete overhaul,” Coinbase wrote :
The survey found that 80% of respondents believe the current financial system is unfair, with an overwhelming majority expressing dissatisfaction with the current financial system and a thirst for change.
The Crypto Exchange added that the survey “shows that most Americans remain optimistic about the future of crypto and understand its potential to be part of a solution that brings meaningful change to the financial system that benefits society as a whole.”
Morning Consult elaborated.” Twenty percent of Americans currently own some cryptocurrency, and 29% are likely to buy or trade crypto in the next 12 months. It is estimated that approximately 52.3 million American adults own crypto, and 75.5 million adults are expected to trade crypto at least once in the next 12 months.”
which translates to “The trading platform has more than 110 million authenticated users, according to Coinbase’s website.
Coinbase continued.
Despite the tumultuous events of 2022, crypto ownership has changed little since the historic high of crypto ownership in the US in early 2022.
Additionally, “76% of those who own crypto agree that cryptocurrencies and blockchain are the future. These numbers are even higher among people of color and young Americans,” Coinbase added.
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