FameEX Hot Topics | New Survey Reveals 1 in 5 US Voters Have Engaged in Cryptocurrency Trading, Investment, or Usage

A recent poll by Emerson College reveals that 19% of U.S. voters have invested in, traded, or used cryptocurrency at some point. The survey, conducted from December 11 to December 13, 2024, polled 1,000 registered voters and found that nearly 40% of crypto users have also used their crypto for purchases. This signals a notable shift in how the public is engaging with digital currencies, indicating that people are increasingly adopting cryptocurrency for day-to-day transactions.

Spencer Kimball, executive director of Emerson College polling, noted that cryptocurrency users tend to be younger and more diverse. This shift highlights the growing importance of the crypto community as a political constituency in the U.S. According to Kimball, 57% of crypto users view President-elect Donald Trump favorably. Throughout his campaign, Trump has been a vocal supporter of the crypto industry, and his recent nominations of pro-crypto individuals for key financial regulatory positions, such as the Securities and Exchange Commission (SEC), further reflect this alignment.

The survey also shows that younger voters are the primary adopters of cryptocurrency. Nearly a third of respondents under the age of 40 reported using crypto, while the percentage decreases significantly with age. Just 4% of respondents over 70 said they used crypto, emphasizing the generational divide in digital currency adoption.

Gender and racial disparities are also evident in the survey's findings. Men are twice as likely to use cryptocurrency compared to women, with 26% of male respondents using crypto, compared to just 13% of female respondents. Racially, about a third of crypto users identified as Asian, Hispanic, or Black, while only 14% of users identified as white.

The growing influence of crypto users is evident in their political engagement as well. A separate survey by the Digital Chamber, a crypto advocacy group, found that 26 million U.S. voters consider pro-crypto policies a top priority when voting for a political candidate. With the 2024 presidential election approaching, industry leaders predict that the U.S. government could become the most pro-crypto in history, fostering a more favorable regulatory environment for digital currencies.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.