1 in 5 U.S. Voters Have invested in, Traded or Used crypto

A recent poll has revealed that close to 20%, or 1 in 5 U.S. voters, have invested in, traded, or used crypto in one form or another. According to the Tuesday, December 17, Emerson College poll, at least 19% of the respondents had invested in or traded or used digital assets like Bitcoin or Ethereum, while the other 81% had never touched crypto.

The survey that was conducted between December 11 and 13 involved at least 1,000 registered voters and offered a sneak peek at the dynamic relationship between the American public and the nascent cryptocurrency industry.

Emerson College Poll Results Similar to others before it

As per the report, of the 1 in 5 U.S. voters who had used crypto assets, 39% had used it for online shopping while the other 61% had not. At least 32% of the respondents aged between 18 and 29 and those aged between 30 and 39 revealed they had used, traded, or invested in crypto, representing the biggest groups compared to the rest.

Commenting on the poll results, Emerson College Polling executive director Spencer Kimball stated: “Crypto users are younger and have a larger minority base, highlighting crypto as a growing, diverse constituency for political support: 57 percent of crypto users have a favourable view of Donald Trump.”

Data from the latest Emerson College poll found that the findings corresponded to those of a similar study conducted in 2022 by an NBC News group that revealed 1 in 5 U.S. voters had invested in, traded, or used a digital asset.  As per the poll, there were more men experiencing crypto than women, with statistics showing that 26% of men and 13% of women use digital assets.

The Growing Influence of Pro-Crypto Voters

A similar study conducted last September by Morning Consult poll revealed that people who owned or had an interest in crypto were split equally between supporters of President-elect Donald Trump at 47% and those who preferred Vice President Kamala Harris at 47% as well. Moreover, polling conducted earlier in the year revealed that up to 67% of digital asset owners were found in the battleground states of Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin, and they stated they were “enthusiastic” to vote for crypto-friendly candidates.

The findings that 1 in 5 U.S. voters had an experience with cryptocurrencies isn’t surprising; it appears like a growing influence of crypto-centric voters is taking root, and soon, a pro-crypto Congress will be in office.

In yet another poll similar to the Emerson College poll, Digital Chamber, a renowned crypto advocacy group, found that at least 26 million U.S voters belonged to a “crypto voting bloc” that stated pro-crypto policy would be their top requirement on a candidate when voting later on November 5. During that poll, 1 in 7, or 16% of the 1,004 respondents, said crypto would be an extremely important factor when deciding who to vote for.

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The Most Crypto-Centric Administration in History

Grayscale and a market researcher also conducted a poll that found over 50% of the respondents would seriously consider voting for a pro-crypto candidate during the polls. The result of all the above sentiments was that the 2024 presidential elections were won by an overwhelming number of pro-crypto candidates who will now sit in Congress.

According to analysts and industry leaders, the incoming U.S. government will become the most crypto-centric government in America’s history, and there is a high possibility it will lead to a more favourable regulatory environment.

Conclusion

The Emerson College poll that shows 1 in 5 U.S. voters have experienced cryptocurrency highlights how much this relatively new phenomenon is growing in popularity. While the survey shows some divisions in opinion, it provides evidence that many consider digital assets a significant part of the future of finance and are willing to bet their vote to see its progression. The crypto space that was previously described as the “Wild West” is growing in popularity, and the incoming U.S. administration could pave the way for its brighter future.

Frequently Asked Questions (FAQ)

Who uses cryptocurrency?

According to research, at least 11% of men and 4% of women in America have used crypto, with men being three times more likely than women to use a digital asset.

Who invests in cryptocurrency?

At least 23% of American adults in the upper-income segment have experience investing in crypto compared to 18% of middle-income and 14% of low-income citizens.

Why do some people prefer crypto?

Those who choose cryptocurrency believe it enables them to diversify their investment portfolios, and others see its future potential due to its decentralized nature.