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

A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency, a new survey has revealed.

Commissioned by crypto exchange

Some market commentators believe the next bull run will kick off when China adopts a more favorable view of crypto. However, the survey found that more Americans would be interested in entering the market if exchanges were more trusted and secure.

Among the general population, 67% flagged secure and reliable exchanges as important. In comparison, 91% of crypto investors said a trusted, secure platform is vital to the crypto market.

“How Americans view the reliability of exchanges largely informs their aspirations of cryptocurrency ownership: if Americans feel exchanges are secure, then they are more likely to invest in crypto in the future,” wrote Morning Consult.

Morning Consult conducted the survey between Feb. 10 and Feb. 14, questioning a national sample of 2,202 American adults as well as an oversample of 500 U.S. cryptocurrency investors.