Originally published on: December 18, 2024
A recent survey conducted by Emerson College revealed that approximately 19% of US voters have invested in, traded, or used cryptocurrency at some point. The data, gathered from a poll of 1,000 registered voters between December 11 and 13, also showed that nearly 40% of crypto users had made a purchase using digital currency.
Spencer Kimball, the executive director of Emerson College polling, noted that crypto users tend to be younger and more diverse, with 57% of them expressing a favorable view of Donald Trump. In response to this growing constituency, Trump’s campaign has shown support for the crypto industry by appointing pro-crypto figures to key financial regulatory positions.
The survey revealed that the majority of crypto users are under 40, with usage decreasing with age. Men are twice as likely to use cryptocurrency compared to women, and a significant percentage of users are Asian, Hispanic, or Black.
Interestingly, about 40% of the surveyed voters supported a ban on TikTok, but this sentiment was less prevalent among individuals under 29 years old.
Another survey conducted by the Digital Chamber found that approximately 26 million US voters make up a “crypto voting bloc” that considers pro-crypto policies a top priority when voting for political candidates. This highlights the increasing importance of cryptocurrency in the political landscape.
As more voters express support for pro-crypto candidates, it is anticipated that the US government may become the most pro-crypto in history, leading to a more favorable regulatory environment for the industry.
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