Grayscale Investments, the largest digital currency asset manager in the world, announced Tuesday that its latest national survey revealed that both Democrats and Republicans believe cryptocurrency is the future.
Grayscale was surveyed online between Oct. 6-11, by The Harris Poll (a global market research and consultancy firm). There were 2,029 likely voters who participated in the online survey.
The survey surveyed Americans on how they view cryptocurrency and the state of the economy against the backdrop of the United States’ 2022 election.
More than half (53%) of Americans who were surveyed agreed that “cryptocurrencies are the future” of finance. This includes 59% of Democrats, 52% of Republicans and 44% of Americans who stated that crypto will be part of their future investment portfolio.
With record-high inflation, looming recession and more interest in cryptocurrency, 25% of respondents said that they are more interested in it because of the current economic climate.
Michael Sonnenshein, Grayscale CEO, commented that as we approach the midterm elections, U.S. citizens are looking at the intersection of traditional finance and cryptocurrency.
Clear Crypto Regulation has Bipartisan Support
Concerning cryptocurrency regulation, 39% consider the U.S. to be behind other countries in creating regulatory environments that make it safe and easy for 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 (81%) as well as Democrats (82%) believe it’s important to adopt a consumer-first approach in regulation.
The company explained that this means consumers can decide whether to invest in cryptocurrency (not the government) by providing information about different products.
A crypto advocacy group, the Crypto Council for Innovation, recently conducted a nationwide survey. It found that 52 percent of respondents believe that crypto requires more regulation than it currently has.