As a seasoned analyst with a keen eye for trends and demographics, I find the growing influence of cryptocurrency among US voters to be an intriguing development. With my years of experience analyzing market behavior and political dynamics, it’s clear that crypto is no longer a niche interest but a diverse and expanding constituency.
Approximately 19% of American voters have reportedly engaged with cryptocurrency by investing, trading, or using it at some point, according to a recent survey conducted by Emerson College.
On December 17th, a survey was published that gathered opinions from 1,000 registered voters over the period of December 11th to December 13th. The results indicated that close to 40% of those who use cryptocurrency also utilized it for making purchases.
Supporters of cryptocurrencies tend to be younger and more racially diverse, suggesting a broad, growing demographic group with political influence. In fact, according to Spencer Kimball, executive director of Emerson College polling, approximately 57% of crypto users hold a positive opinion towards Donald Trump.
During his campaign, the president-elect expressed strong support for the cryptocurrency industry, and subsequently, appointed several individuals who are favorable towards crypto to lead crucial financial regulatory bodies like the Securities and Exchange Commission.
According to Emerson’s study, individuals younger than 40 represent the highest proportion of cryptocurrency users, with approximately one-third utilizing digital currencies.
As an analyst, I observed a notable trend: the percentage of crypto users tends to decrease with age. Specifically, approximately 28% of voters in their 40s, 17% in their 50s, 9% in their 60s, and only 4% over the age of 70 identify as crypto users.
As a data analyst, I’ve observed an interesting trend: Men are more inclined towards cryptocurrency usage than women, with approximately one in four men (26%) reporting they have utilized crypto, compared to around one in seven women (13%).
About a third of crypto users were Asian, Hispanic, or Black, compared to just 14% who were white.
Approximately 40% of the surveyed voters favored a ban on the social media app TikTok, yet this support decreased significantly among individuals younger than 29 years old.
Crypto voters growing influence
A recent October 17th poll conducted by the Digital Chamber, a crypto advocacy organization, revealed that approximately 26 million American voters can be classified as a “cryptocurrency voter block.” These individuals prioritize pro-cryptocurrency policies as a top consideration when selecting a political candidate.
Approximately 16% (around one out of every seven) of the 1,004 survey participants stated that cryptocurrency was either “extremely” or “very” significant when choosing their candidate for voting.
As a researcher, I’ve recently discovered intriguing findings from a survey conducted by Grayscale in collaboration with a market research firm. The results revealed that more than half of U.S. voters are inclined towards casting their votes for candidates who advocate for cryptocurrencies.
Following the 2024 presidential election, numerous candidates supportive of cryptocurrencies secured positions in Congress. Given this trend, some industry experts foresee that the U.S. government could emerge as one of the most pro-crypto administrations ever, potentially leading to a more advantageous regulatory landscape.
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2024-12-18 05:41