Americans still prefer banks over crypto for financial access, CoinDesk's survey shows
Cryptocurrency began in part as an answer to the missteps and abuses of banks during the 2008 financial crisis, but despite existing almost two decades and capturing wide attention, the public hasn't been sold on that...
Bitcoin 1 Minute
A notable development has hit the crypto markets. Cryptocurrency began in part as an answer to the missteps and abuses of banks during the 2008 financial crisis, but despite existing almost two decades and capturing wide attention, the public hasn't been sold on that point and still favors the traditional financial system for their financial access, according to new polling commissioned by CoinDesk. When asked which they trusted more between banks and crypto when it came to financial inclusion, 65% of respondents to an online survey said banks and only 5% favored crypto.
Though slightly more than half (52%) agree that the movement is more than a passing fad, 60% think crypto will be a mostly negative force in the economy.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
