About one in five US voters, or 19%, have said they invested in, traded or used crypto at some point, a new Emerson College poll has found.
The survey data released on Dec. 17 polled 1,000 registered voters between Dec. 11 and Dec. 13 and found nearly 40% of crypto-using respondents also made a purchase with it.
“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,” said Spencer Kimball, executive director of Emerson College polling.
Trump’s campaign saw the president-elect rally behind the crypto industry and he’s now nominated a host of pro-crypto figures to head key financial regulators such as the Securities and Exchange Commission.
Emerson’s survey shows respondents under 40 made up the largest percentage of crypto users, with nearly a third having used crypto.
Kimball noted that the figure declined with age, with “28% of voters in their 40s, 17% in their 50s, 9% in their 60s and just 4% over 70 are crypto users.”
Crypto is mostly used by voters under 40, and its use declines with age. Source: Emerson College
Men are also twice as likely to use crypto compared to women, with 26% of male and 13% of female respondents responding that they used crypto.
About a third of crypto users were Asian, Hispanic, or Black, compared to just 14% who were white.
At the same time, around 40% of the polled voters supported a ban on the social media platform TikTok, but support waned for those aged under 29 years old.
Nearly half of the people polled by Emerson College support a ban on social media platform TikTok. Source: Emerson College polling
Crypto voters growing influence
Another Oct. 17 survey by crypto advocacy group, the Digital Chamber, found that about 26 million US voters were part of a “crypto voting bloc” who think pro-crypto policy is a top requirement when voting for a political candidate.
One in seven, or 16%, of the 1,004 respondents said crypto was “extremely” or “very” important in deciding who to vote for.
A poll from Grayscale and a market researcher, found over half of US voters were more likely to vote for a pro-crypto candidate.
After the 2024 presidential election, hundreds of pro-crypto candidates won seats in Congress. Industry leaders have suggested the US government could become the most pro-crypto in history, which should result in a more favorable regulatory environment.
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