Crypto On The Ballot? Nope, Even Young Male Voters Prioritize Inflation, Jobs And The Economy

Cryptocurrency remains a low priority for male voters across all age groups, according to a new survey.

What Happened: The survey, conducted by Blueprint, shows that despite the rise of digital assets in financial markets, men aged 18-29 place far greater emphasis on traditional issues like inflation, jobs, the economy, corruption and crime, leaving cryptocurrency as one of the three least important concerns for these voters.

"Young male voters are more pessimistic about America and its political system than older male voters, yet their priorities remain fairly conventional," said Evan Roth Smith, lead pollster at Blueprint.

The findings suggest that cryptocurrency, while prominent in investment portfolios, has yet to make significant inroads into the political consciousness of younger voters. Instead, issues like healthcare, inflation and employment continue to dominate.

Investment Interest In Crypto On The Rise

This lack of political focus on cryptocurrency stands in stark contrast to its growing acceptance in the investment world.

According to Gemini’s 2024 Global State of Crypto report, a majority of crypto owners are now comfortable allocating 5% or more of their portfolios to digital assets, signaling the mainstream acceptance of cryptocurrencies.

"Crypto investors have proven their resilience over numerous market cycles throughout the years, and the latest downturn was no exception," said Marshall Beard, COO at Gemini.

The report surveyed investors across the U.S., UK, France and Singapore, revealing that while regulatory concerns remain a barrier for some, particularly in Singapore where 49% of non-owners cited regulatory issues, the introduction of spot crypto ETFs in the U.S. has opened new investment avenues.

In fact, 37% of U.S. crypto holders now own digital assets through an ETF, underscoring the sector's increasing integration into mainstream investment strategies.

"The introduction of spot crypto ETFs in the United States and the significant headway toward thoughtful regulation globally has positioned the industry for strong growth," added Beard.

Also Read: Nigeria Drops Money Laundering Charges Against Binance Executive Amid Diplomatic Pressure

Contrasting Priorities

Despite the rise of crypto as a legitimate investment vehicle, Blueprint's survey shows that young male voters are not yet aligning their political concerns with their financial behavior.

While cryptocurrency owners are increasingly comfortable making digital assets a part of their portfolio, topics like cryptocurrency and related digital asset issues rank low in terms of voter priorities.

Even among younger men, who are typically more tech-savvy, cryptocurrency is outranked by concerns over inflation, employment, and economic stability.

As cryptocurrency continues to grow in the financial space, the upcoming Benzinga Future of Digital Assets event on November 19 will provide a platform for industry experts to explore these trends.

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