Young People are Liking Crypto More than the Banks, Here’s Why
The CCI poll shows that the next-gen voters support crypto more than banks
A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact the outcome of the United States midterm elections. Significant numbers of voters are well-disposed toward crypto and want to see it treated as a serious and valid part of the economy, and bipartisanship is strong in the crypto community.
The CCI commissioned a poll of 1,208 people on Oct. 8-10 about their attitudes toward crypto and the upcoming elections. The poll found that 13% of respondents won cryptocurrency, which is in line with the 16% who owned stocks and 12% who owned mutual funds and ahead of the 5% of bondholders. CCI chief strategist of political affairs and former Colorado senator Cory Gardner said the numbers indicate a bloc that may exert influence over the coming elections.
Another notable finding of the poll was that respondents showed a preference for social media (36%) over traditional news outlets (31%) as sources of financial information. “Regulators have to understand where people get their information from” to understand their mission, Gardner said. While 36% of respondents wanted to see crypto “treated as a mechanism for fraud and abuse,” 45% “want legislators to treat crypto as a serious and valid part of the economy,” and 52% think that crypto needs more regulation. However, the divide between proponents and opponents of crypto is not divided along party lines.
The post Young People are Liking Crypto More than the Banks, Here’s Why appeared first on Analytics Insight.
The CCI poll shows that the next-gen voters support crypto more than banks
A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact the outcome of the United States midterm elections. Significant numbers of voters are well-disposed toward crypto and want to see it treated as a serious and valid part of the economy, and bipartisanship is strong in the crypto community.
The CCI commissioned a poll of 1,208 people on Oct. 8-10 about their attitudes toward crypto and the upcoming elections. The poll found that 13% of respondents won cryptocurrency, which is in line with the 16% who owned stocks and 12% who owned mutual funds and ahead of the 5% of bondholders. CCI chief strategist of political affairs and former Colorado senator Cory Gardner said the numbers indicate a bloc that may exert influence over the coming elections.
Another notable finding of the poll was that respondents showed a preference for social media (36%) over traditional news outlets (31%) as sources of financial information. “Regulators have to understand where people get their information from” to understand their mission, Gardner said. While 36% of respondents wanted to see crypto “treated as a mechanism for fraud and abuse,” 45% “want legislators to treat crypto as a serious and valid part of the economy,” and 52% think that crypto needs more regulation. However, the divide between proponents and opponents of crypto is not divided along party lines.
The post Young People are Liking Crypto More than the Banks, Here’s Why appeared first on Analytics Insight.
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