The crypto debate ignites the American electoral campaign!

As the US elections approach, a poll conducted by the Digital Currency Group and the Harris Group reveals deep dissatisfaction among voters in swing states with the current financial system. If 70% consider it “obsolete” and call for an overhaul, crypto assets are not unanimously accepted as an alternative.

A financial system that does not benefit everyone

As crypto-assets increasingly enter political debates in the United States, a recent poll highlights voters' deep dissatisfaction with the current financial system. The results of the survey, conducted among 1,201 voters from six key states, are clear: 80% believe that the system in place benefits elites to the detriment of the average citizen.

This distrust takes place in a tense economic context, characterized by growing inequalities and a questioning of established models. “ Americans feel that the financial system no longer meets their needs and seeks above all to serve the interests of the wealthiest“, analysis John Smith, economist at the Peterson Institute. The figures speak for themselves: no less than 74% of respondents call for a thorough overhaul of the system.

This thirst for change, however, comes up against a complex reality. If crypto assets appear to some as an attractive alternative, they still arouse the distrust of a majority of voters. Only a third of those questioned consider them to be a credible solution to current dysfunctions, while nearly 75% do not consider them more equitable than the traditional system.

Crypto assets, a path to prosperity?

Despite a palpable desire for change, crypto assets are struggling to convince a majority of voters. Only a third of them consider them to be a credible solution to the current failures of the financial system. Even though 41% see them as a new path to financial security and prosperity, nearly 75% do not consider them more equitable than the traditional system.

This ambient skepticism contrasts with the enthusiasm of holders of crypto-assets, 76% of whom welcome their positive impact on their financial situation. Proof of their confidence in these digital assets, more than 90% of them plan to maintain or strengthen their portfolio in the next six months. A craze that is not shared by the uninitiated, since only 7% plan to invest in the short term.

For Laura Jones, analyst at Chainalysis, this gap is explained by a still limited understanding of crypto-assets within the population: “ Crypto-assets remain an abstract concept for many, who struggle to grasp their concrete advantages“. The repeated scandals and high volatility that shake the ecosystem do not help to dispel the ambient distrust, fueling doubts about their reliability and sustainability.

If there is broad consensus about the obsolescence of the financial system, crypto-assets are not yet popular as the miracle solution. To establish themselves as a credible and viable alternative, they will have to gain maturity and accessibility, while dealing with a regulatory framework that aims to be stricter.

A major challenge which will not fail to animate the debates during the next electoral events, as the issues linked to decentralized finance enter the public debate. Time will tell whether crypto will succeed in capturing the hearts and minds of American voters, or whether it remains the prerogative of a minority of convinced insiders.