🙋 Polls

In my opinion, the crypto industry will play a ___ in the US economy over the long term.

Monday, Jul 17, 2023

In my opinion, the crypto industry will play a ___ in the US economy over the long term.

Very large role (11%) – "You can't stop technological progress. One day we'll look back with disbelief at our society without blockchains and other crypto tech."

Large role (18%) – "Given the current trajectory of Bitcoin, I'm not inclined to bet against it. Crypto is in the middle of changing the economy drastically."

Medium-sized role (20%) – "Since only a handful of crypto coins have shown something akin to long-term stability, I think it will take a while – but crypto will eventually be adopted a decently sized audience."

Small role (29%) – "I don't see crypto as a substitute for actual currency. Who accepts it for goods or services? What is its use besides investing?"

  • "I'm not sure that the average American is anywhere near ready to place their trust in the concept. I realize that this flies in the face of what crypto was made for, but until stricter rules and regulations are put in place, I feel we're a long way from seeing crypto as being a major part of the U.S. economy."

"Crypto has yet to prove to be a sustainable currency. Until that happens, I don’t see it becoming a large part of our economy or a good asset to have in an investing portfolio."

Very small role (22%) – "Crypto is simply a hustle for rich (or wannabe rich) kids. History has proven that fake currencies just don’t work over the long term. Plus, an overwhelming number of crypto coins, crypto trading platforms, and crypto banks have proven themselves to be fraudulent ponzi schemes."

  • "People have been fooled once. Why take another chance? Crypto is very clearly just gambling with extra steps, and has no place in society."
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