One-Third of U.S. Voters Give Priority to Political Candidates’ Stance on Crypto: Harris Poll
Ruholamin Haqshanas
Updated: May 28, 2024 07:18 EDT | Reading Time: 2 minutes
When it comes to voting, one out of every three voters in the United States takes into consideration a candidate’s position on cryptocurrencies.
According to a recent online survey conducted by the Harris Poll, 77% of respondents believe that a U.S. presidential candidate should have at least an “informed perspective” on cryptocurrencies.
The poll, which targeted likely U.S. voters, was sponsored by Grayscale, a Bitcoin ETF issuer, and involved over 1,700 participants.
Interestingly, the survey revealed that voters are evenly split on which political party leads in terms of digital asset matters.
Crypto Receives Increasing Political Attention
This latest poll builds on a previous round of questioning conducted late last year, which indicated that a growing number of individuals expect cryptocurrency to become a part of their investment portfolios (47%).
The increasing interest in cryptocurrencies could explain why this topic is receiving more attention in the political arena.
Zach Pandl, Head of Research at Grayscale, stated that likely American voters, regardless of their political affiliation, show a heightened interest in investing in crypto assets and supporting candidates who are knowledgeable about emerging technologies.
The survey also revealed that the majority of respondents (98%) had heard of Bitcoin, indicating its widespread recognition.
Additionally, a significant portion of voters claimed to be familiar with Ethereum’s ether (ETH), with only 46% stating that they had never heard of it.
Moreover, around 17% of voters reported having invested in Bitcoin, placing it on par with bonds as an investment option and surpassing investments in exchange-traded funds (ETFs).
Furthermore, 44% of voters expressed their belief, to varying degrees, that “crypto and blockchain technology are the future of finance,” which marks a four-percentage-point increase from responses to the same question asked the previous year.
However, respondents also indicated a desire for government regulation, with 52% stating that they would be more inclined to invest in digital assets if the field were subject to more regulations.
Fed Survey Shows 7% of US Adults Using Crypto
According to the latest annual household survey conducted by the Fed, the number of U.S. adults reporting crypto ownership or usage has significantly decreased.
The survey, known as the Survey of Household Economics and Decisionmaking (SHED), indicates that approximately 18 million US adults reported using cryptocurrencies in 2023, which is a decline from previous years.
In the 12-month period leading up to October 2023, the survey found that 7% of the surveyed US adults reported using cryptocurrencies, down from 10% in 2022 and 12% in 2021.
These findings from the Federal Reserve survey greatly differ from Coinbase’s claim that 52 million Americans own cryptocurrencies.
Furthermore, another survey conducted by The Harris Poll in December last year revealed that approximately 73% of US voters believe that US presidential candidates should have an informed perspective on innovative technologies like artificial intelligence (AI) and cryptocurrency.
Similarly, a recent report from Coinbase predicted that California voters who own cryptocurrencies will have a significant impact on the 2024 elections.
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