Americans 'frustrated' by financial system inequality
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Americans 'frustrated' by financial system inequality

written by John Murphy | February 28, 2023

A recent survey was conducted by business intelligence firm Morning Consults and commissioned by crypto exchange Coinbase. It finds that crypto ownership among U.S. adults has remained steady over the past years. This survey found that Americans ‘frustrated’ by financial system inequality. They currently own cryptocurrency with a response of 20%.

The survey also revealed that 80% of Americans believe in the global financial system. This system favors those with powerful interests, and 67% have called for major change. It also completes an overhaul of the financial system.

Financial System Inequality

The number has remained consistent each quarter since January 2022 despite recent negative news about cryptocurrencies. It drifts between 17% and 20% over the last 12 months, indicating the recent market turmoil. It may not shake retail investor confidence in crypto in America because Americans are ‘frustrated’ by financial system inequality.

According to the survey, nearly one-third of the accused plan to buy, sell or trade crypto next year. The survey also found that crypto passion among adults remains high, with 30% of Genz and 50% of Millennials owning crypto. Minority groups were also more likely to hold a favorable view of crypto.

Recent crypto investors also remain optimistic about the future. They probably approve that 65% of the market’s best days are still ahead, while crypto investors believe crypto and blockchain are the future.

While reporting, they find that more Americans would be interested in entering the market. Among the general population,67% flagged that secure and reliable exchanges were more trusted. So, it would be clear that Americans are ‘frustrated’ by financial system inequality. This secure platform is important to the crypto market. Morning Consult surveyed American adults between Feb 10 and Feb 14. It included an oversample of 500 U.S. cryptocurrency investors.