According to a recent survey conducted by StarkWare, 53 percent of Americans believe cryptocurrency is the “future of finance.” As per survey, 25-34-year-olds have the highest level of crypto understanding.
On Tuesday, StarkWare, one of many businesses developing Ethereum scaling solutions, released a crypto survey report highlighting sentiments toward cryptocurrencies in the United States. A national sample of 2,000 American citizens responded that cryptocurrencies were the “future of finance,” indicating a significant change in public perception.
It’s incredible that a system that most people hadn’t heard of a decade ago is now seen as the “future of finance,” according to StarkWare president Eli Ben-Sasson. Within the sample, the 25-34-year-old age group provided the most positive replies, showing that millennials have a greater level of belief in cryptocurrencies. According to Ben-Sasson, the results suggest that the world is on the brink of the “greatest financial revolution since the credit card,” as younger people are more drawn to alternative financial systems.
While the survey revealed a high level of trust in cryptocurrencies, it also highlighted that many respondents were having difficulty understanding blockchain technology.
Despite this, the research indicated that crypto-specific language was well recognised. Over 40 percent of participants had heard of phrases such as “Binance” and “blockchain,” and 34 percent had heard of NFTs. Even more esoteric terminology, such as “The Flippening,” which refers to the market cap of Ethereum, the second-largest cryptocurrency, surpassing that of Bitcoin, were recognised by 17 percent of respondents.
