A recent survey conducted by the Digital Currency Group and the Harris Group has revealed that the majority of voters in swing states in the United States consider the financial system to be “outdated.” However, they also agree that cryptocurrency may not be the solution to this problem. The study involved 1,201 participants from six swing states, which are states that could be won by either the Democratic Party or Republican Party in a statewide election.
In a previous report by Cointelegraph, it was found that over 90% of these respondents plan to vote in the upcoming U.S. election, and a politician’s stance on cryptocurrency could significantly influence their voting choices.
The survey discovered that 70% of the participants agreed that the current financial system is outdated, and 74% believe that it requires an overhaul. Surprisingly, only a third of the respondents believed that cryptocurrency could address this issue.
Furthermore, 80% of the participants stated that the present financial system favors the elites over regular people. However, nearly 75% of them did not believe that cryptocurrency is more equitable than the current system.
Only 41% of swing voters agreed that cryptocurrency represents a new path towards financial security and prosperity, while 35% believed that crypto is the future of transacting.
Interestingly, there was a significant difference in opinions between those who own or have owned cryptocurrency and those who have never had any experience with it. More than 90% of current crypto owners plan to increase their holdings or maintain their portfolios over the next six months, while only 7% of non-crypto owners intend to invest in this asset class during that time. Additionally, approximately 76% of voters who have had crypto experience reported that it positively impacted their financial well-being.
The participants in the survey were from the swing states of Michigan, Nevada, Ohio, Montana, Pennsylvania, and Arizona. The survey was conducted online between April 4 and 16, 2024, and the participants had to be residents of the United States, at least 18 years old, and registered to vote.
Interestingly, the survey also revealed that swing voters do not trust political candidates who interfere with cryptocurrency developments, especially those who lack an understanding of how the technology works.
In conclusion, the survey indicates that while voters in swing states recognize the outdated nature of the current financial system, they are not convinced that cryptocurrency is the solution. However, those with experience in cryptocurrency have a more positive outlook on its potential benefits.