Crypto is ‘the future of finance’, survey of over 50% of US voters shows
Crypto assets such as Bitcoin (BTC), altcoins such as Ethereum (ETH) and stablecoins such as Tether (USDT) are gaining momentum on positive news involving these asset types in recent days.
In what can be considered a collective effort, cryptocurrency started a bullish run that allowed the crypto market to push the overall valuation to more than 1 trillion dollars.
Along these lines, many of these virtual currencies will be able to make significant price pumps to paint their charts in green.
Then, more recently, American entrepreneur and and “Rich Dad, Poor Dad” author Robert Kiyosaki said Bitcoin, along with precious metals gold and silver, could be used to cushion the blow of an economic meltdown that could result from the US Federal Reserve’s plans for another rate hike.
Now, digital asset manager Grayscale Investments shared the results of a study they conducted that revealed that more than half of American voters believe cryptocurrencies are “the future.”
Democratic voters trust crypto assets
The company’s examinationwhich was conducted by The Harris Poll on their behalf, involved 2,039 respondents and was conducted from October 6 to October 11.
It found that 52% of the participating population was more than receptive to the statement “cryptocurrencies are the future of finance.”
Image: TheNextWeb
The American market and research analysis company also noted that nearly 60% of those who voted on the affirmative side were Democrats. The remaining 41% were Republicans.
It was also found that 44% of contracting parties are seriously considering adding these asset types to their investment portfolio.
Grayscale Investments commissioned the national survey to assess the current state of the economy and the public’s perception of cryptocurrencies in relation to the upcoming US election this year.
About regulation amid growing interest
A significant amount of respondents (37%) made sure to first consider the candidates’ political ideas regarding digital currency before voting.
Meanwhile, 81% (88% Republicans and 71% Democrats) said they want crystal clear regulations and guidelines to be implemented against the emerging market sector to ensure the safety of investments put into it and to deter illegal activities involving digital currencies.
Four out of five participants (+80%) expressed a desire for consumer regulation first. This means that individuals (rather than the US government) will bear the responsibility of deciding the best way to invest in cryptocurrencies.
The development no longer comes as a surprise, considering the growing interest in crypto assets among Americans.
According to the crypto payment gateway TripleAaround 46 million or 13.7% of the total US population own cryptocurrency, and 81% of adults in the country say they have already heard of the digital asset class.
A high percentage (59%) of digital currency owners revealed that the reason for owning the asset was for payment purposes.
BTC market cap at $393 on the daily chart | Featured image from Forex Academy, Chart: TradingView.com
