According to a recent national study in the United States, the majority of Americans think cryptocurrency will change finance.
StarkWare, a blockchain infrastructure business doing research for future products, commissioned the latest survey.
“The findings are both thrilling and frightening.
They emphasize the enormous excitement for cryptocurrency and demonstrate how blockchain is buckling under the weight of current use. Blockchain will just be unable to meet rising demand until we begin to work smarter.”
According to the survey, crypto usage is already common among Americans, especially among young individuals.
Fifty-three percent of all respondents thought that bitcoin represents the “future of finance,” with 68 percent of those aged 25 to 34 and 61 percent of those aged 35 to 44 agreeing.
According to the research, 17% of Americans currently hold cryptocurrency in some form or another. This figure is considerably higher among those aged 25 to 34, with 28% claiming to hold cryptocurrency.
According to the report, environmental concerns are the number one deterrent to crypto in the views of the majority of Americans. Thirty-four percent of all respondents said decreasing cryptocurrency’s carbon footprint is essential to them, but that percentage climbs to 49 percent among those aged 25 to 34.
Kolodny says of the poll’s results on environmental concerns,
“We anticipated to find worry about crypto’s carbon footprint per transaction, as well as excitement for lowering it — but not at such large proportions.”
We were pleasantly impressed that people seem to comprehend crypto’s environmental dilemma.”