Crypto Is The ‘Future Of Finance,’ Survey Of Over 50% Of American Voters Show

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Cryp­to assets like the Bit­coin (BTC), alt­coins like Ethereum (ETH) and sta­ble­coins such as Teth­er (USDT) are rid­ing the momen­tum brought about by some pos­i­tive news involv­ing these asset types over the last few days.

In what can be con­sid­ered as a col­lec­tive effort, cryp­tocur­ren­cies ini­ti­at­ed a bull­ish run that enabled the cryp­to mar­ket to push its over­all val­u­a­tion to more than $1 trillion.

Along this line, many of these vir­tu­al cur­ren­cies will able to make sig­nif­i­cant price pumps to paint their charts in green.

Then, recent­ly, Amer­i­can entre­pre­neur and and “Rich Dad, Poor Dad” author Robert Kiyosa­ki said Bit­coin, along with pre­cious met­als gold and sil­ver, can be used to cush­ion the blow of an eco­nom­ic melt­down that might result from the U.S. Fed­er­al Reserve’s plans of anoth­er inter­est rate hikes.

Now, dig­i­tal assets man­ag­er Grayscale Invest­ments shared the result of a study it con­duct­ed that revealed more than half of Amer­i­can vot­ers believe cryp­tocur­ren­cies are the “future.”

Democrat Voters Trust Crypto Assets

The firm’s sur­vey, which was con­duct­ed by The Har­ris Poll on its behalf, involved 2,039 respon­dents and was con­duct­ed from Octo­ber 6 to Octo­ber 11.

It found that 52% of the par­tic­i­pat­ing pop­u­la­tion were more than amenable with the state­ment “cryp­tocur­ren­cies are the future of finance.”

Bitcoin

Image: TheNex­tWeb

The Amer­i­can mar­ket and research ana­lyt­ics 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 the agree­ing par­ty are seri­ous­ly con­sid­er­ing adding these asset types into their invest­ment portfolio.

Grayscale Invest­ments com­mis­sioned the nation­al sur­vey to assess the cur­rent sit­u­a­tion of the econ­o­my and the public’s per­cep­tion of cryp­tocur­ren­cies in rela­tion to the upcom­ing U.S. elec­tion this year.

On Regulation Amid Growing Interest

A con­sid­er­able size of the respon­dents (37%) made sure to take into con­sid­er­a­tion first the pol­i­cy ideas of can­di­dates with regard to dig­i­tal cur­ren­cy before voting.

Mean­while, 81% (88% Repub­li­cans and 71% Democ­rats) said they want crys­tal clear reg­u­la­tions and poli­cies to be imple­ment­ed towards the bur­geon­ing mar­ket sec­tor to ensure the safe­ty of invest­ments put into it and to deter illic­it activ­i­ties that revolve around dig­i­tal currencies.

Four out of five par­tic­i­pants (+80%) expressed their desire for con­sumer-first approach reg­u­la­tion. This means indi­vid­u­als (rather than the U.S. gov­ern­ment) will bear the respon­si­bil­i­ty of deter­min­ing 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 cryp­to pay­ment gate­way TripleA, around 46 mil­lion or 13.7% of the total pop­u­la­tion of the U.S. own cryp­tocur­ren­cy, with 81% of the adults in the coun­try say­ing they have already heard about the dig­i­tal asset class.

A high per­cent­age (59%) of dig­i­tal cur­ren­cy own­ers revealed their rea­son for own­ing the asset was for pay­ments purposes.

BTC mar­ket cap at $393 on the dai­ly chart | Fea­tured image from Forex Acad­e­my, Chart: TradingView.com

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