In the mainstream, there are several reports available that claim that the 47th presidential elections in the United States have seen a major involvement in the cryptocurrency industry, compared to any other elections in the nation.
A recent study conducted by Emerson College notes that around 20 percent of the voters in the U.S. have been involved in crypto either directly or indirectly.
The direct and indirect exposure here refers to the involvement of individuals either in trading, holdings, or usage.
The study conducted between December 11 to 13 includes a sample of one thousand registered voters of the nation. Following the polls of the survey it was noted that nearly 40 percent of surveyed voters have used cryptocurrencies to purchase, this clarifies the growing interest of the general masses in the real-world usage of digital assets.
Crypto usage surging among youth voters!
Emerson’s executive director, Spencer Kimball argued that youth continues to dominate, coming from diverse backgrounds.
Spencer goes on to quote “Crypto users are younger and have a larger minority base, highlighting crypto as a growing, diverse constituency for political support: 57% of crypto users have a favorable view of Donald Trump,” adding “Nearly 1 in 3 voters under 40 have used crypto, declining with age, 28% of voters in their 40s, 17% in their 50s, 9% in their 60s, and just 4% over 70 are crypto users.”
It is important to note that roughly 57 percent of these users have a soft corner over and align with the pro-crypto stance of Trump. However, the digital asset market has donated the highest amount to support pro-crypto candidates, especially Trump.
The report also says that the adoption and usage of crypto is higher in younger ages compared to that in older generations and once above 60.
A huge gender difference has been also seen as around double as male respondents reported using crypto than female respondents. Among the surveyed voters nearly 14 percent are identified as white Americans, with one-third black Americans and Hispanics and Asians.
There are thousands of crypto registered in the market, however, Bitcoin remains the most adopted globally compared to any other digital asset.
Crypto to acquire new milestones in the near future!
Historical victory of Trump in the recent election, there are speculations that a major shift in the popularity, adoption, and trading prices is expected in the coming times. Analyst claims that following Trump’s acquisition of his office a shift in rules, regulations, and regulatory commission is expected.
In many of his rallies this year Trump extended support for crypto and related products, especially for Bitcoin. Market experts continue to speculate that a Bitcoin reserve is expected to be established in the United States, with a favorable set of rules for the development and upgradation of the wider crypto market.
Yet some other primary reasons that could trigger the growth of crypto in coming years include the surged popularity of blockchain and other based products that seem to be the strongest contenders of traditional finance and national currencies.
As per different available reports, several nations have already structured their rules concerning the crypto market, yet some still seem to be confused about regulating the market.
El Salvador is the only nation that has legalized cryptocurrencies, especially Bitcoin, a known pioneer of all digital assets.
