American voters are becoming crypto investors, Grayscale survey posits

In November, an iteration of the survey found that 34% of respondents were paying attention to crypto, but that figure has since jumped to 41%

article-image

Lana Sham/Shutterstock modified by Blockworks

share

A survey from Grayscale and The Harris Poll found that Americans are becoming crypto voters, which should come as no surprise to anyone active on Crypto Twitter. 

The results also show that 41% of respondents are paying attention to crypto — though not necessarily already holding it — up from 34% in the first installment of this survey from November 2023. 

A third and final survey will be released later this year, closer to the US election in November.

The same 2023 survey found that 40% of voters expected that they’d have some crypto in their portfolios, but that number has since climbed to 47%. 

Read more: Gen Z more likely to own crypto than stocks: Survey

“Aligned with recent votes in the House and Senate, this data reinforces that crypto has become a bipartisan issue that neither party can afford to overlook,” said Zach Pandl, Grayscale’s head of research, in a press release Tuesday.

The survey released Tuesday revealed that American voters are crypto-curious but wary of the lack of regulations around digital assets. But one thing’s for sure, 77% of the American voters in this survey believe that presidential candidates should be knowledgeable about crypto.

Fifty-three percent said they’re more likely to vote for a candidate who is informed, versus 48%.

However, it’s not clear who’s more favorable towards crypto, according to the voters. There’s a very slight difference — 64% for Democrats and 67% for Republicans — about which party is more likely to lean towards crypto. Half of the Independent voters aren’t sure, either. 

Read more: Trump campaign begins accepting bitcoin, ether and other crypto donations

The survey took place at the end of April into early May, making the data fairly recent. Roughly 1,700 American voters were included and all said they plan to vote in the upcoming election.

“This is a timely survey given the latest developments related to crypto policy on the Hill. Likely, American voters from across the political spectrum indicate a heightened interest in investing in crypto assets and in supporting candidates well-versed in the emerging technologies,” Pandl said. 

Read more from our opinion section: Why I’m a single-issue crypto voter

Grayscale, however, isn’t the first one to find that voters care about crypto. Digital Currency Group (DCG) posted a survey — also performed by The Harris Poll — earlier this month that found 20% of voters surveyed in battleground states believe crypto will become a major issue in the upcoming election. 

In the DCG survey, 55% of respondents expressed concern about elected officials not understanding technology like crypto. 

With the upcoming election in November, and one major party candidate — former President Donald Trump — noting that he plans to include crypto policies in his campaign, it’s looking like crypto will shape up to be an issue discussed in the 2024 election.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Research Report Templates (1).png

Research

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

article-image

Analysts are looking ahead to August, a historically volatile month made more interesting this year by the US presidential election

article-image

Plus, a look into Lighting Labs’ newest feature

article-image

Crypto’s Wild West era is over — it’s time to embrace regulation to secure the future of digital assets

article-image

Plus, Solana has now surpassed Ethereum in trailing 30-day decentralized exchange volume

article-image

Polymarket betters say Kamala Harris has better odds than Biden of winning against Trump