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Americans ‘frustrated’ by financial system inequality, 20% own crypto: Survey

Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly "frustrated" by the one-sided global financial system.

According to a new data survey, 80% of American adults feel that the financial system favours those with "strong interests", while 20% currently own cryptocurrencies.

The online survey of more than 2000 US adults commissioned by password trading centre Coinbase in February found that 80 per cent of respondents indicated that "the world's financial system is unfairly biased towards powerful interest groups" and 67 per cent advocated "major reform" or "complete reform and innovation" of the financial system.

The survey was conducted by Morning Consult, a corporate competitive intelligence company, to investigate people's views on the world's financial system, as well as the views of American adults and password investors on the future of the cryptographic industry and exchanges.

According to the survey, despite recent bad news from the FUD and password industries, 20 per cent of respondents said they still had passwords, and nearly 1/3 of respondents planned to buy, sell or buy passwords next year.

The morning inquiry stressed that the figure has been consistent every quarter since January 2022, fluctuating between 17% and 20% over the past 12 months, which means that the recent market turmoil should not have the confidence of swing investors in the encryption of US data.

"there is no reason for everyone to feel cheerful about the future development of passwords. In general, Americans are depressed about inequalities in the financial system and look forward to change, "the Morning Inquiry wrote, adding:

"investors in encryption algorithms and the younger generation of Americans still firmly believe that encryption algorithms are a meaningful project investment for the future and can bring social and economic benefits."

Young people are also very passionate about passwords. According to the survey, 36% of time Z (born from 1997 to 2013) and 30% of millennials (born from 1981 to 1996) currently have encryption algorithms.

Scientific research has also found that minorities are more likely to be positive about passwords and positive about the asset in the future.

It is true that black and Hispanic adults are more interested in cryptocurrencies than white adults, and they are more cheerful than any other group of people that cryptocurrencies and blockchains are the future.

At this stage, password investors are still happy about the future, 65% of people still have a better day to allow the sales market, while 76% of password investors still think that passwords and blockchains are the future.

Some sales market evaluators believe that when our country adopts a very favorable point of view on passwords, the next big bull market will begin. However, the survey shows that if the trading center is more reliable and safer, more Americans will have interests and hobbies to enter the market.

Among the regular population, 67% of people feel that reliable communication is very important. By comparison, 91% of password investors show that a reliable and secure platform is particularly important for the password sales market.

"Americans' view of the stability of trading centers partly reflects their desire for cryptocurrencies: if Americans think trading centers are very secure, they are more likely to switch to data encryption in the future," Morning Consult wrote.

The Morning Inquiry conducted the survey between Feb. 10 and Feb. 14, asking about samples of 2202 American adults across the country and their super samples of 500 U.S. cryptocurrency investors.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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