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has revealed that the majority of voters in swing states in the United States believe that the financial system is “outdated.” However, they also agree that cryptocurrency may not be the solution to this problem. The study surveyed 1,201 people in six swing states, which are states that could be won by either the Democratic Party or Republican Party in a statewide election.
It was previously reported by Cointelegraph that over 90% of these respondents plan on voting in the upcoming U.S. election, and a politician’s stance on cryptocurrency could play a significant role in their voting decisions. Despite their belief that the current financial system needs an overhaul, only a third of the surveyed voters agree that crypto could solve this problem.
Interestingly, four out of five participants stated that the current financial system favors the elites over regular people. However, nearly 75% of respondents believe that cryptocurrency is not more equitable than the current system. Only 41% of swing voters see crypto as a new way toward financial security and prosperity, while 35% believe that crypto is the future of transacting.
The survey also highlighted a significant discrepancy between the views of those who own or have owned cryptocurrency and those who have never interacted with it. More than 90% of current crypto owners plan to increase their holdings or maintain their portfolios in the next six months, while only 7% of non-crypto owners plan to invest in this asset class.
Furthermore, about 76% of voters who hold or have held cryptocurrency reported that it has had a positive impact on their financial well-being. The participants in the survey were from 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 found that swing voters do not trust political candidates who interfere with cryptocurrency developments, particularly those who do not understand how the technology works. Overall, it is clear that there is a growing interest in cryptocurrency among voters in swing states, and it could potentially influence their voting decisions in future elections.
In conclusion, the survey revealed that while swing state voters consider the current financial system to be outdated and in need of an overhaul, they are not convinced that cryptocurrency is the solution. There is a clear divide between those who own cryptocurrency and those who do not, with the former group expressing more enthusiasm and confidence in the technology. It will be interesting to see how these views evolve and potentially impact future political landscapes.