By George Ward
On November 1, Grayscale Investment, the popular digital currency asset manager, released the results of a recent poll it conducted. The poll investigated how Americans view the current state of the economy and cryptocurrency in coherence with the next US election in 2022.
Results of the survey revealed that 52% of Americans comprising 59% of Democrats and 51% of Republicans, agreed that “cryptocurrencies are the future of finance. In addition, about 44% said they’re likely to include cryptocurrency in their investment portfolio in the future. Grayscale noted that it carried out the online survey across the United States from October 6 to 11th, 2022.
Economic Crisis Increases Crypto Rating
The economic condition is the primary consideration among Americans as some seek alternative investments to the stock market out of curiosity. But, considerably, there is a continued rise in the number of people showing interest in cryptocurrency.
Records indicate that 34% of African- Americans, 32% of Hispanics, and 37% under 45 won’t mind joining crypto firms. The survey report also stated that Investors in different niches also declared interest in cryptocurrency as their next investment.
Interestingly, these positive investment sentiments would be good news for crypto exchanges. Despite the prevailing crypto winter, many investors are still interested in investing in cryptos. However, many of the poll audience noted that there should be rules and regulations guiding current and potential crypto investors and traders.
According to the survey, 77% of Republicans and 88% of Democrats agree that clearer regulations should be in place for the cryptocurrency sector to curb undue occurrences.
Notably, these crypto rules would give confidence to most investors as it would boost their faith and trust in crypto products. Also, it would guide them on which crypto platforms they should choose.
Furthermore, the survey revealed that Republicans (81%) and Democrats (82%) deem it necessary to have a legal backup. They see it as critical to enable individuals to determine which cryptocurrency product to invest in rather than have the government make such decisions.