A recent poll conducted by Emerson College revealed that nearly 1 in 5 American voters, or 19%, have either invested in, traded, or used cryptocurrency.
The survey, carried out between Dec. 11 and Dec. 13, gathered responses from 1,000 registered voters, with the results published on Dec. 17. Among those who engaged with crypto, nearly 40% reported having made purchases using digital currencies.
Spencer Kimball, executive director of Emerson College polling, emphasized the diversity of this emerging voter group. “Crypto users are younger and more diverse, creating a unique constituency for political attention: 57% of crypto users hold a favorable opinion of Donald Trump,” Kimball noted.
The survey also highlighted the connection between the former president and the crypto community. Trump’s campaign has actively supported the industry, with several of his nominations for key regulatory positions, such as the Securities and Exchange Commission, being pro-crypto advocates.
Younger voters appear to dominate the crypto demographic. The poll found that nearly one-third of respondents under 40 have interacted with cryptocurrency. However, the likelihood of crypto usage decreases with age:
- 28% of voters in their 40s
- 17% in their 50s
- 9% in their 60s
- 4% of those over 70
Gender differences were also apparent, as 26% of male respondents said they used crypto compared to 13% of women. The poll further revealed significant racial and ethnic diversity within the crypto community, with about a third of users identifying as Asian, Hispanic, or Black, compared to just 14% who were white.
On a related topic, the poll indicated mixed views on a TikTok ban, with roughly 40% of respondents supporting it. However, younger voters under 29 were notably less supportive.
Broader Political Implications
Another survey, conducted on Oct. 17 by the Digital Chamber, found that approximately 26 million Americans consider themselves part of a “crypto voting bloc.” For these voters, pro-crypto policies are a top priority when choosing political candidates.
The report revealed that 16% of respondents rated cryptocurrency policy as “extremely” or “very” important in their decision-making process.
Meanwhile, a separate poll by Grayscale and a market research firm discovered that more than half of US voters are inclined to support candidates who back crypto-friendly legislation.
The 2024 elections have already marked a turning point for the crypto industry. Hundreds of pro-crypto politicians have secured seats in Congress, signaling what could be the most crypto-friendly government in US history. Advocates believe this shift could pave the way for more favorable regulatory conditions for the burgeoning industry.
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