- Majority of Americans are dissatisfied with the country’s financial system, with younger generations being the most disillusioned. Only 7% said the system works well for them.
- Gen Z and Millennials see crypto and blockchain as an opportunity to increase economic opportunities and create more jobs. Nearly 40% of young respondents shared this view.
- Over half of respondents said they will likely vote for crypto-friendly candidates in 2024, wanting the US to become a more crypto-friendly market. This could shape future policies as younger generations become a voting majority.
New research from Coinbase reveals that less than 10% of Americans are satisfied with the country’s financial system. Younger generations in particular feel pressured financially and disillusioned by the system.
Younger Generations Are the Most Dissatisfied
The Coinbase survey found that only 7% of respondents said the financial system works well for people like them. Millennials were the most dissatisfied, with 29% calling the system outdated. Meanwhile, 28% of Gen Z called it confusing and inadequate.
Younger Generations See Crypto as an Opportunity
Nearly 40% of young respondents said crypto and blockchain can increase economic opportunities by creating more jobs. As Gen Z and Millennials become a majority of voters, their push for crypto adoption in politics and society will continue.
Most Plan to Vote for Crypto-Friendly Candidates
Over half of respondents said they will likely vote for crypto-friendly candidates in the 2024 election. Coinbase wants to see the US become a more crypto-friendly market, but says the current regulatory approach is leading to disappointing crypto development.
Conclusion
The Coinbase survey shows younger Americans are unhappy with the financial system and see crypto as an opportunity. As they become a voting majority, their pro-crypto views could shape future policies and regulation.
