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%
Lana Sham/Shutterstock modified by Blockworks
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.
Get the news in your inbox. Explore Blockworks newsletters:
- The Breakdown: Decoding crypto and the markets. Daily.
- Empire: Crypto news and analysis to start your day.
- Forward Guidance: The intersection of crypto, macro and policy.
- 0xResearch: Alpha directly in your inbox.
- Lightspeed: All things Solana.
- The Drop: Apps, games, memes and more.
- Supply Shock: Bitcoin, bitcoin, bitcoin.
