Grayscale Investments and The Harris Poll Survey Reveals that Democrats and Republicans Agree Cryptocurrency is the Future of Finance

Survey reveals opportunity for financial advisors to embrace young and diverse investors’ deep enthusiasm for cryptocurrency

There is clear, broad bipartisan support for greater action in Washington to clarify and strengthen cryptocurrency rules and regulations

STAMFORD, Conn., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Grayscale Investments, the world’s largest digital currency asset manager, today announced findings from a new national survey, conducted on its behalf by The Harris Poll, examining how Americans view the state of the economy and cryptocurrency against the backdrop of the 2022 United States election.

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.

“As we approach the midterm election, U.S. voters are considering the intersection of cryptocurrency, traditional finance, and the state of the economy. This survey reinforces that crypto continues to generate diverse, mainstream investor interest and engagement,” said Grayscale CEO Michael Sonnenshein. “As Americans consider their financial future, policymakers and regulators have an opportunity to protect investors through greater regulatory clarity and guidance, while allowing market participants, like financial advisors, to enable access to well-informed crypto offerings.”

Highlights from the Grayscale/Harris Poll include:

●       Nearly half of Americans are familiar with cryptocurrency (49%), and familiarity rises among younger investors, including 70% of those aged 18-34 and 62% of those aged 35-44. Familiarity is also higher among minorities, including 60% of Black and 62% of Hispanic Americans, compared to 43% of White Americans.

●       The challenging economic environment may be sparking interest for Americans beyond traditional investments, like equities or mutual funds. A quarter of Americans (25%) say inflation and the current economic climate have made them more interested in cryptocurrency.

●       Interest in cryptocurrency seems to translate to adoption, particularly among young and diverse investors. About one-third of Black (34%) and Hispanic (32%) Americans, as well as those under 45 years old (37%), say inflation and the current economic climate have made them more interested in cryptocurrency. Nearly one-third of Black (30%) and Hispanic (32%) Americans, as well as those under 45 years old (33%), already own cryptocurrency.