Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows – Featured Bitcoin News

According to a new poll, both Republicans and Democrats agree that cryptocurrency is the future in finance. The national survey was conducted by The Harris Poll on behalf of Grayscale Investments, the world’s largest digital currency asset manager. A further 44% responded that crypto will be a part of their portfolio in the near future.

‘Cryptocurrencies Are the Future of Finance’

Grayscale Investments, the world’s largest digital currency asset manager, announced Tuesday that its new national survey has revealed that “Democrats and Republicans agree cryptocurrency is the future of finance.”

The online survey was conducted on Grayscale’s behalf between Oct. 6-11 by The Harris Poll, a global market research and consulting firm. There were 2,029 likely voters who participated in the online survey.

The survey examined “how Americans view the state of the economy and cryptocurrency against the backdrop of the 2022 United States election,” the crypto firm detailed, adding:

More than half of Americans surveyed (53%) agree that ‘cryptocurrencies are the future of finance,’ including 59% of Democrats and 52% of Republicans, with 44% of Americans noting that they expect to have crypto as part of their investment portfolio in the future.

25 percent of those surveyed said that they are more interested in cryptocurrency because of record-high inflation, and the looming recession.

Grayscale CEO Michael Sonnenshein commented: “As we approach the midterm election, U.S. voters are considering the intersection of cryptocurrency, traditional finance, and the state of the economy.”

Bipartisan support for clear crypto regulation

Concerning regulation of cryptocurrency, 39% consider the U.S. to be behind other countries when it comes to creating an environment that allows anyone to trade or buy digital assets.

Grayscale also stated that 81% of respondents agreed with Grayscale about clearer regulation of the cryptocurrency industry. This includes 88% of Democrats, 77% of Republicans and 88% of Democrats.

Over four-in-five Republicans and Democrats (81%) feel that it’s important to adopt a consumer first approach to regulation.

That means “allowing consumers (not the government) to decide how to invest in cryptocurrencies by providing necessary information about various products,” the company clarified.

A national survey was conducted by the Crypto Council for Innovation. It found that 52 percent of respondents believe that cryptocurrency needs to be regulated more than it is.

Let us know what you think of this survey. Please leave your thoughts in the comment section.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since 2011, discovered Bitcoin. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.

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