“Because crypto, specifically Bitcoin has made me lots of money and it is a coin that is transparent and safe,” one respondent, who said he was a young GOP-aligned voter who supported President Donald Trump in the 2024 presidential election.
Many supportive voters cited investment returns to explain their views. Some said they thought cryptocurrencies were a good hedge against the dollar,
Several respondents said they thought of cryptocurrencies as being a “safe way to exchange currency,” being “a more secure form of money,” or that it was a good investment.
One respondent said it was a useful inflation hedge outside the U.S.
These respondents encompassed all age groups, though generally speaking, younger voters were more likely to have a favorable view of cryptocurrency than older voters. The exception was in the 18-24 age bracket, where 20 voters said they had a favorable view of the industry and 24 said they had a less favorable view.
Older voters, in contrast, were far more likely to have an unfavorable view than a favorable one, particularly those aged 55 and up.
More skeptical
Among voters with an unfavorable view of the industry, respondents said crypto was a risky investment, insufficiently regulated, not real money or just a passing fad. Several said it was difficult to use crypto to pay for goods.
