Grayscale survey discovers over 50% of Democrat and Republican voters agree crypto is ‘the future of finance’

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Grayscale Investments released the results of a new nationwide study to discover how Americans feel about the current situation of the economy and cryptocurrencies in relation to the future election in the United States in 2022, on November 1.

Grayscale spokesperson speaks

According to the survey conducted online in the United States between October 6 to 11, 2022, 52% of Americans (including 59% of Democrats and 51% of Republicans) said they supported the statement “cryptocurrencies are the future of finance,” and 44% said they planned to include crypto in their investment portfolio in the future.The study was conducted among 2,029 adults under The Harris Poll representing The Grayscale Investments. Michael Sonnenshein, CEO of Grayscale stated:

“As we approach the midterm election, U.S. voters are considering the intersection of cryptocurrency, traditional finance, and the state of the economy. This survey reinforces that crypto continues to generate diverse, mainstream investor interest and engagement.”

It’s noteworthy that 37% of voters consider the politicians’ positions on cryptocurrency before casting their votes. 77% of Republicans and 88% of Democrats concur that the crypto industry should have stricter rules.

Finally, more than eight in ten Republicans (81%) and Democrats (82%) agree that it is crucial to adopt a consumer-first regulatory approach, allowing people (not the government) to choose how to invest in cryptocurrencies by providing clear data about products, while also creating a set of rules that ensures anyone can access crypto.

The survey by Grayscale found a relation between cryptocurrency adoption and interest in the asset, particularly among younger investors from different backgrounds. The current economic environment has made 34% of those who identify as Black, 32% of people who identify as Hispanic, and 37% of people under 45 years old, more interested in cryptocurrencies. Black individuals (30%), Hispanic people (32%), and persons under 45 years old (33%), respectively already have cryptocurrency.

Notably, in February this year, Coinbase formed a PAC to support crypto-friendly congressional representatives before United States’ 2022 midterm election.

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