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A new national survey finds one in five US voters (19%) have invested in, traded, or used crypto in the past.
The news comes from Emerson College Polling which found that amongst voters who have used crypto in the past, 61% haven’t used it to make any purchases while 39% have.
“Crypto users are younger and have a larger minority base, highlighting crypto as a growing, diverse constituency for political support: 57% of crypto users have a favorable view of Donald Trump,” Spencer Kimball, executive director of Emerson College Polling, said.
“Nearly 1 in 3 voters under 40 have used crypto, declining with age, 28% of voters in their 40s, 17% in their 50s, 9% in their 60s and just 4% over 70 are crypto users.”
NATIONAL POLL
Support/oppose President Biden pardon of Hunter Biden
52% oppose
28% support
19% unsureSupport/oppose a President Trump pardon of Jan. 6 rioters
50% oppose
34% support
16% unsurehttps://t.co/MtMB6A0TFu— Emerson College Polling (@EmersonPolling) December 17, 2024
The study found a difference between genders too as men are twice as likely to use the digital currency than women.
“Crypto users are also more likely to be minority racial groups: about a third of voters who are Asian, Hispanic, or Black are involved in cryptocurrency, compared to 14% of white voters.”
This comes as the President-elect has consistently shared his support for the digital currency industry, with his win in the November presidential election being declared a “huge win for crypto” by Coinbase CEO Brian Armstrong.
At least 19% of voters could be interested in future crypto moves
Many industry supporters took to social media to share their opinions when Trump was declared victorious. In a post on X, Armstrong said the industry received “full-throated support of the winning presidential candidate.”
Since his win, Trump has announced an all-new ‘crypto-czar’ role within the White House alongside a crypto-friendly cabinet.
On December 6, the entrepreneur named the former PayPal COO David Sacks as the chosen person for the job.
He shared the news through the social media platform Truth Social, writing: “I am pleased to announce that David O. Sacks will be the ‘White House A.I. & Crypto Czar.’
“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness.
“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.
“He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology…”
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