One in five U.S. voters, or 19%, reported that they have invested, traded, or used cryptocurrency at some point, according to a new survey from Emerson College.
The survey data published on December 17 surveyed 1,000 registered voters from December 11 to 13 and found that nearly 40% of cryptocurrency users have also used it to make purchases.
"Younger cryptocurrency users and more minority demographics highlight that cryptocurrency is a growing diverse voting bloc supporting politics: 57% of cryptocurrency users have a favorable view of Donald Trump," said Spencer Kimball, executive director of the Emerson College survey.
Trump's campaign saw the elected president stand behind the cryptocurrency industry, and he has now nominated a series of pro-cryptocurrency figures to lead key financial regulatory agencies such as the U.S. Securities and Exchange Commission.
Emerson's survey shows that those under 40 make up the majority of cryptocurrency users, with nearly one-third having used cryptocurrency.
Kimball noted that this figure declines with age, with '28% of voters in their 40s, 17% in their 50s, 9% in their 60s, and only 4% over 70 being cryptocurrency users.'
Cryptocurrency is primarily used by voters under 40, and the frequency of use declines with age. Source: Emerson College
Men are also twice as likely to use cryptocurrency compared to women, with 26% of men and 13% of women reporting that they have used cryptocurrency.
Approximately one-third of cryptocurrency users are Asian, Hispanic, or Black, compared to only 14% who are White.
At the same time, about 40% of surveyed voters support banning the social media platform TikTok, but support decreases among those under 29 years old.
Nearly half of those surveyed by Emerson College support banning the social media platform TikTok. Source: Emerson College survey
The growing influence of cryptocurrency voters
Another survey on October 17 from the cryptocurrency advocacy group, Digital Chamber, shows that approximately 26 million U.S. voters are part of the 'cryptocurrency voting bloc' who consider pro-cryptocurrency policy a top priority when voting for a political candidate.
One in seven people, or 16%, of the 1,004 respondents indicated that cryptocurrency is 'extremely' or 'very' important in deciding who they vote for.
A poll from Grayscale and a market researcher shows that more than half of U.S. voters are more likely to vote for a pro-cryptocurrency candidate.
After the 2024 presidential election, hundreds of pro-cryptocurrency candidates have secured seats in Congress. Industry leaders have suggested that the U.S. government could become the most pro-cryptocurrency administration in history, leading to a more favorable regulatory environment.