Cryptocurrencies are entering the mainstream and a study published by Paradigm suggests that American politicians should educate themselves more about this innovation to lead the future.
An opinion poll conducted by Paradigm found that American citizens are looking for policymakers who can lead cryptocurrency technological innovation.
According to the study, cryptocurrencies and digital assets are becoming more important to Americans, who are more aware and better understand their importance, significance and value today.
“Cryptocurrencies are increasingly not only a part of our technological ecosystem, but also of our financial system, our economy and our politics,” said Paradigm, suggesting that policymakers looking to the future should learn more about these digital assets.
The investment and research firm focused on crypto assets and blockchain technology found that a large portion of American voters They are looking for political leaders who are able to lead the way towards disruptive innovation. representing digital assets and led by Bitcoin, the largest cryptocurrency in the market by capitalization. He noted that more than half of American citizens are dissatisfied with the current financial system and that many are relying on alternatives, such as crypto assets, to have access to more efficient and inclusive financial services.
More than a quarter of American voters have bought cryptocurrencies
El study from Paradigm found that the 19% of US voters, including Democrats, Republicans and independents, have purchased cryptocurrencies in recent years.
The firm highlighted that crypto-asset-owning voters are a growing segment that politicians should pay attention to, in order to meet their demands and needs.
Source: Paradigm
In terms of age, Paradigm found that the majority of voters who have used cryptocurrencies are YOUNG, aged between 18 and 54 years.
The study also suggested that most cryptocurrency holders are hombres and that the college graduates are more open to these digital assets than graduates with postgraduate degrees. This, according to the firm, is because voters with postgraduate studies are the ones who benefit the most from the current economy and financial system, while a significant portion of college-educated voters are looking for higher-value alternatives.
Spot ETF, a vehicle to bring Americans into cryptocurrencies
Another valuable point that the investment firm highlighted in its study is the current importance of Bitcoin spot ETFs as entry vehicles into the world of cryptocurrencies. The firm noted that, in just two months, these financial vehicles have brought 6% of American voters into the Bitcoin market. Paradigm said:
“Since the approval of Bitcoin spot ETFs two months ago, 6% of American voters have invested in them, and another 6% say they plan to invest in them.”
On the other hand, the firm emphasized that spot ETFs may end up being a step towards direct ownership of cryptocurrencies, an important issue that US politicians should pay more attention to.
According to the study's findings, 11 million Americans own at least $1.000 worth of cryptocurrency. This represents about 7% of voters in the country. While this figure is low compared to the 32% of voters who own $1.000 worth of stocks, it should be noted that cryptocurrencies have only been on the market for a little over a decade, Paradigm noted.
Source: Paradigm
Public interest is real, says Paradigm policy director
Justin Slaughter, Paradigm's chief policy officer and former senior policy advisor to the SEC and CFTC, said that the American public's interest in cryptocurrencies and digital assets is real. He noted that based on the current size of cryptocurrency ownership among voters in the country, many have economic interests to protect and therefore, will pay more attention to the policies and regulations formulated in relation to this sector.
“There are millions of voters with a real interest in cryptocurrencies,” Slaughter said.
Based on the results of the study, which was applied to a total of 1.000 registered American voters between February 28 and March 4, Slaughter highlighted that there are many opportunities for American politicians to begin to get involved in the world of cryptocurrencies and to participate in the formulation of policies that concern this emerging market, which is becoming a crucial issue in the political and economic sphere in the country and globally.
Continue reading: El Salvador holds over 5.000 BTC: Nayib Bukele makes the country's Bitcoin wallet public
