New survey shows that Americans are bullish on crypto, skeptical of trad-fi
The Morning Consult recently published its findings from a study about American perceptions about cryptocurrencies, especially now on the tail end of a bear market and fallout from the collapse of the FTX exchange and arrest of its founder, Sam Bankman-Fried.
The report shows that Americans are remarkably bullish on crypto and concerned about the direction of traditional finance.
The main takeaway?
“There is reason to be optimistic about crypto’s future. Universally, Americans are frustrated by the inequality in the financial system and are hungry for change. Crypto investors and younger cohorts of Americans still believe that crypto is a worthwhile investment in the future that can lead to societal benefits.” […]
- 20% of Americans still own cryptocurrency
- 52% of crypto investors agree it will make the financial system more fair.
- 29% plan to buy, sell, or trade crypto in the next year
This means that approximately 52.3 million American adults own crypto, with 75.5 million adults expected to trade crypto at least once in the coming year.
As for communities of color:
- Black (32%) and Hispanic (26%) adults are more likely than white adults (19%) to currently own a type of cryptocurrency.
- Black (43%) and Hispanic (43%) adults are significantly more likely than white adults (28%) to trade cryptocurrency in the next 12 months.
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About Dr. Tonya M. Evans
Financial Freedom Futurist™ and Penn State Dickinson Law full tenured professor, Dr. Tonya M. Evans, is the author of Digital Money Demystified, the essential myth-busting guide that empowers the crypto-curious to be crypto-confident and includes an empowering and informative step-by-step guide to go From Cash to Crypto®, safely, legally, and confidently.
Dr. Evans is a 2022 Forbes Over Fifty listee for financial innovation education and winner of the 2023 EDGE in Tech Athena Award from UC Berkeley for Academic Leadership in technology. She recently testified before the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion and consults regularly with decision-makers about how to understand the language of crypto, to manage and mitigate regulatory risk, educate the workforce and future-proof business and market impact.
Visit DigitalMoneyDemystified.com to pre-order her book and to engage Dr. Evans for speaking, consulting and corporate trainings opportunities.