FameEX Hot Topics | New Poll: 1 in 5 US Voters Have Traded, Invested in, or Used Cryptocurrency

A recent poll conducted by Emerson College reveals that 19% of U.S. voters have at some point invested in, traded, or used cryptocurrency. The survey, which included 1,000 registered voters and was conducted between December 11 and December 13, 2024, found that nearly 40% of crypto users also made purchases with cryptocurrency. This marks a significant shift in the public's engagement with digital currencies, indicating a growing interest in using crypto for everyday transactions.

Spencer Kimball, the executive director of Emerson College polling, highlighted that cryptocurrency users tend to be younger and more diverse. This trend suggests that the crypto community is becoming an increasingly important constituency in U.S. politics. According to Kimball, 57% of crypto users hold a favorable view of President-elect Donald Trump. Throughout his campaign, Trump has consistently supported the crypto industry, and his nominations for key financial regulatory positions, including at the Securities and Exchange Commission (SEC), have aligned with this stance.

The survey also revealed that the majority of crypto users are under the age of 40, with nearly a third of respondents in this age group having used cryptocurrency. As age increases, crypto usage decreases, with only 4% of respondents over the age of 70 reporting any engagement with crypto. This reflects the younger generation's stronger familiarity and adoption of digital currencies compared to older age groups.

Gender and racial disparities were also evident in the survey. Men were found to be twice as likely to use cryptocurrency, with 26% of male respondents and only 13% of female respondents using crypto. In terms of race, about a third of crypto users identified as Asian, Hispanic, or Black, compared to just 14% who were white.

The growing influence of crypto users is also evident in their political engagement. 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 choosing a candidate. With the 2024 presidential election on the horizon, industry leaders predict that the U.S. government could become the most pro-crypto in history, ushering in a more favorable regulatory environment for digital currencies.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.