Originally published on: December 18, 2024
A recent survey conducted by Emerson College reveals that 1 in 5 American voters, accounting for 19%, have either invested in, traded, or utilized cryptocurrency at some point. The study, which polled 1,000 registered voters between December 11 and December 13, also discovered that nearly 40% of crypto users have made purchases using digital currencies.
Spencer Kimball, the executive director of Emerson College polling, noted that crypto users tend to be younger and have a more diverse background, making them a growing and varied demographic for political support. Surprisingly, the survey identified that 57% of crypto users hold a favorable view of former President Donald Trump, demonstrating his strong association with the crypto industry.
The data from the survey indicated that the majority of crypto users are under 40 years old, with a significant decline in usage as age increases. Men were found to be twice as likely as women to engage with cryptocurrency, and individuals from minority backgrounds such as Asian, Hispanic, or Black communities accounted for around one-third of crypto users compared to only 14% white users.
Additionally, the Digital Chamber conducted a survey revealing that approximately 26 million US voters belong to a “crypto voting bloc,” prioritizing pro-crypto policies when choosing political candidates. This group considers cryptocurrency as a crucial factor in their voting decisions.
With a surge in support for cryptocurrency-friendly candidates, experts predict that the US government could adopt the most pro-crypto stance in history, leading to a more favorable regulatory environment for the industry. As these trends continue to evolve, the influence of cryptocurrency on politics and voter behavior is expected to grow substantially.
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