Democrats and Republicans both believe that cryptocurrencies are the future of finance, according to a new national study by Grayscale Investments, the largest digital currency asset management in the world.
The Harris Poll, a world-renowned market research and consultancy company, carried out the online poll on behalf of Grayscale between October 6 and November 11. A total of 2,029 individuals, most of whom are voters, took part.
According to the cryptocurrency company, the study looked at “how Americans see the status of the economy and cryptocurrencies against the backdrop of the 2022 United States election.”
It also stated that, “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% of respondents claim that the present economic situation and the record-high inflation have increased their interest in cryptocurrencies. A recession is also on the horizon.
As the midterm elections get near, U.S. voters are thinking about the convergence between cryptocurrencies, conventional finance, and the status of the economy, according to Grayscale CEO Michael Sonnenshein.
39% of respondents believe that the United States lags behind other nations in terms of establishing legislative frameworks that make it simple or secure for anybody to purchase or exchange digital assets.
Greyscale also detailed about the facts that, “More than four in five of both Republicans (81%) and Democrats (82%) feel it is important to take a consumer-first approach to regulation.”
According to the company’s clarification, this entails “enabling customers (not the government) to determine how to invest in cryptocurrencies by giving relevant information about various products.”
A recent nationwide survey by the crypto advocacy group Crypto Council for Innovation revealed that the majority (52%) of respondents believe that there should be more regulation of the industry than there is at the moment.
