Grayscale Investments, the world’s leading asset manager in crypto assets, released findings from a new national survey examining how Americans view the state of the economy and crypto against the backdrop of the 2022 United States election.
In a recent survey conducted by The Harris Poll on behalf of Grayscale Investments between October 6-11, 2022, among 2,029 adults within the U.S., 52% of Americans (including 59% of Democrats and 51% of Republicans) believe that cryptocurrencies are the future of finance. Additionally, 44% anticipate including cryptocurrency in their investment portfolio in the future.
Grayscale CEO Michael Sonnenshein 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.
As Americans consider their financial future, policymakers and regulators have an opportunity to protect investors through greater regulatory clarity and guidance, while allowing market participants, like financial advisors, to enable access to well-informed crypto offerings.
Crypto Gaining Popularity in Economic Downturn
Interest in investments outside of the stock market and mutual funds has grown amongst Americans because of economic stability uncertainties. A quarter of those surveyed (25%) answered they’re more interested in learning about cryptocurrencies.
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According to the survey, the adoption of cryptocurrencies has been steadily rising with an increase in interest among young people. For instance, 34% of those who identify as Black, 32% who identify as Hispanic, and 37% who are under 45 years old say they’ve gotten more interested in crypto due to the current economic conditions.
Over 80% of both Republicans and Democrats think it is important for the government to provide information on investing in cryptocurrency rather than making decisions for consumers themselves.