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Americans still prefer banks over crypto for financial access, CoinDesk's survey shows

CoinDesk
A CoinDesk survey reveals that 65% of Americans trust traditional banks over cryptocurrency for financial inclusion, despite crypto's growing cultural presence.

Summary

A survey of 1,000 U.S. voters conducted by Public Opinion Strategies reveals that the public maintains a strong preference for traditional banks over cryptocurrency for financial access. While 65% of respondents favor banks, only 5% prefer crypto, and 60% view the sector as a negative economic force. Although 27% of Americans have invested in crypto, concerns regarding scams and a lack of regulatory clarity contribute to widespread distrust, particularly among older demographics. Despite these headwinds, the industry remains focused on securing legislative support, such as the Digital Asset Market Clarity Act, to foster mainstream integration.

(Source:CoinDesk)