Over Half of Americans Think Crypto Assets Are the Future of Finance

A new national survey in the US finds that the majority of Americans believe crypto will go on to revolutionize finance.

The new poll was commissioned by StarkWare, a blockchain infrastructure firm doing research for their future products.

According to StarkWare CEO and co-founder Uri Kolodny,

The results are exciting, but also unsettling.

They highlight huge enthusiasm for crypto, and show that blockchain is creaking under the weight of current use. Unless we start to work smarter, blockchain simply wont be able to cope with growing demand.

The poll found that crypto use among Americans is already widespread, particularly among young adults.

Fifty-three percent of all respondents agreed that cryptocurrency is the “future of finance” with 68% of 25 to 34-year-olds and 61% of 35 to 44-year-olds subscribing to this view.

The poll also finds that 17% of Americans already own crypto in one form or another. That number is even higher among 25 to 34-year-olds, 28% of whom say they own crypto.

The data found that environmental concerns are the number one drawback to crypto in most Americans‘ minds. Thirty-four percent of all respondents said reducing crypto’s carbon footprint is important to them – but that number jumps to 49% among 25 to 34-year-olds.

Says Kolodny of the polls findings regarding environmental concerns,

We expected to detect concern over cryptos carbon footprint per transaction, and enthusiasm for reducing it – but not to the massive levels we found.

We were pleasantly surprised that people seem to understand the environmental challenge of crypto.