1 in 5 US voters has used crypto, says new poll
According to a recent Emerson College poll, about 19% of US voters have used, traded, or invested in crypto at some point. The majority of these crypto users have a positive opinion of president-elect Donald Trump.
Crypto users are younger and more diverse
The data, released on December 17, shows that nearly 40% of crypto users in the poll reported having used crypto for purchases. The poll was conducted between December 11 and December 13 and included 1,000 registered voters.
"Crypto users are younger and come from larger minority groups, making crypto a growing and diverse constituency for political support. 57% of crypto users have a favorable opinion of Donald Trump," said Spencer Kimball, executive director of Emerson College Polling.
Support for crypto is growing among younger voters
The Emerson poll shows that the largest group of crypto users is under the age of 40, with nearly a third of this group having used crypto at some point. The use of crypto declines with age, with only 4% of voters over 70 using crypto.
Men are twice as likely to use crypto as women, with 26% of male respondents and 13% of female respondents indicating they use crypto.
Ethnic diversity among crypto users About a third of crypto users in the poll were Asian, Hispanic, or Black, compared to just 14% who identified as white.
Additionally, the poll showed that about 40% of voters supported a ban on the social media platform TikTok, but this support decreased among voters under 29 years old.
The growing influence of crypto voters In another survey by the crypto advocacy group Digital Chamber, conducted on October 17, it was estimated that about 26 million US voters belong to a "crypto voting bloc" that advocates for pro-crypto policies in political elections. Of the 1,004 respondents, 16% stated that crypto was "extremely important" or "very important" when deciding who to vote for.
Pro-crypto voters support crypto-friendly politicians
According to a study by Grayscale and a market research firm, more than half of US voters indicated they would be more likely to vote for a pro-crypto candidate. This shows that crypto users are becoming an increasingly important factor in determining election outcomes.
The future of crypto in US politics
After the 2024 US presidential election, hundreds of pro-crypto candidates are expected to win seats in Congress. Leaders in the crypto industry suggest that the US government could become the most pro-crypto administration in history, which could lead to a more favorable regulatory environment.