Binance revolution? 2 in 3 young adults say cryptocurrency is here to stay

‘It’s remarkable to see that people expect a system that was hardly known a decade ago to be the future of finance.’

NEW YORK — Has cryptocurrency finally arrived? A new study reveals most Americans are crazy for crypto – others, not so much. Research polling 2,000 adults found 53 percent think crypto is here to stay, with 68 percent of 25 to 34-year-olds especially believing that this is true.

Many respondents noted they’re familiar with terms like blockchain (43%), coin (42%), Binance (40%), and token (39%). Conducted by OnePoll on behalf of StarkNet – a platform designed to make crypto apps mainstream, the study also revealed that when people buy crypto, they are constantly fiddling with it.

Half amend their investments at least once a day, while just seven percent let a month pass without altering their crypto finances.

“It’s remarkable to see that people expect a system that was hardly known a decade ago to be the future of finance,” says StarkNet CEO and co-founder Uri Kolodny, in a statement. “These figures clearly show that crypto use is about to skyrocket. But what people don’t realize is that the system just isn’t ready. The bandwidth of blockchain is tiny. Even now, it’s creaking under the weight of growing demand.”

Thirty-four percent say they now recognize and know what NFTs or non-fungible tokens are. Meanwhile, 42 percent of people would invest in them if they knew more about NFTs. Respondents add they could be swayed to invest in cryptocurrency if they would provide security guarantees (42%), reasonable pricing (40%), and sustainability (38%).

What-coin?

Despite the enthusiasm for crypto, 36 percent say it’s too hard to digest. The top reasons for not wanting to invest in crypto are fear of losing money (35%), not understanding it (31%), and not knowing where to start (25%).

“We hear the public saying loud and clear that it all needs to be less confusing. People don’t understand why there aren’t many user-friendly crypto apps for everyday use,” says StarkNet’s president Professor Eli Ben-Sasson. “Thanks to new technology, we’ll soon be paying in crypto. We’ll be doing so with a clearer conscience as our innovation helps to address the problem of crypto’s environmental impact, massively cutting the carbon per transaction.”