The survey found that 52% of Americans (including 59% of Democrats and 51% of Republicans) said that they agreed with the statement “cryptocurrencies are the future of finance,” with 44% saying they anticipate including crypto in their investment portfolio in the future, according to the online poll conducted within the United States between October 6-11, 2022, among 2,029 adults by The Harris Poll on behalf of Grayscale Investments. Grayscale CEO Michael Sonnenshein stated: He added:
Challenging economy sparking interest in crypto
The current precarious state of the economy may have piqued the curiosity of Americans in investments outside of the stock market or mutual funds. One in four Americans (25%) feel that rising prices and the state of the economy have increased their curiosity about cryptocurrencies. According to the survey, the adoption of cryptocurrencies seems to be correlated with interest in the asset, especially among younger investors from various backgrounds. 34% of those who identify as Black, 32% who identify as Hispanic, and 37% who are under 45 years old said that the present economic condition had increased their interest in crypto. A little less than one-third of people in the United States who are Black (30%), Hispanic (32%), and under 45 years old (33%), respectively, already hold cryptocurrencies.
Bipartisan support for precise crypt regulation
Notably, before casting their vote, more than a third of voters (37%) take into consideration the candidates’ policy stances on cryptocurrency. 81% agree that clearer regulations should be placed on the cryptocurrency sector, including 77% of Republicans and 88% of Democrats. Finally, over four in five Republicans (81%) and Democrats (82%) believe it is critical to have a consumer-first approach to regulation, enabling individuals (rather than the government) to determine how to invest in cryptocurrencies by giving relevant information about different products, while developing a regulatory framework that guarantees anybody may access crypto.
