A recent survey conducted by the Federal Reserve Bank of Boston has revealed that US adults overwhelmingly oppose the idea of a government-controlled Central Bank Digital Currency (CBDC). The survey, which was conducted in April 2021, asked 1,000 US adults their opinion on the idea of a government-controlled CBDC. The results showed that only 10% of respondents were in favor of the idea, while a staggering 90% opposed it.

The survey results are not surprising, as many US citizens are wary of government control over their financial transactions. This is especially true in light of the recent rise in government surveillance and data collection. The survey results also reflect the general sentiment among US citizens that they would prefer to keep their financial transactions private and secure.

The survey results also suggest that US citizens are not yet ready to embrace the idea of a government-controlled CBDC. This is likely due to the fact that many people are still unfamiliar with the concept and do not understand how it would work. Furthermore, there is still a lot of uncertainty surrounding the implications of a government-controlled CBDC, such as how it would affect privacy and security.

Despite the overwhelming opposition to a government-controlled CBDC, it is important to note that this does not mean that digital currencies are not popular in the US. In fact, many US citizens are already using digital currencies such as Bitcoin and Ethereum for their everyday transactions.

Overall, the survey results indicate that US adults are not yet ready to embrace the idea of a government-controlled CBDC. This is likely due to the fact that many people are still unfamiliar with the concept and do not understand how it would work. Furthermore, there is still a lot of uncertainty surrounding the implications of a government-controlled CBDC, such as how it would affect privacy and security. As such, it is important for policymakers and regulators to continue to educate the public on digital currencies and their potential benefits before any decisions are made regarding a government-controlled CBDC.