Giant Survey from Grayscale! Is Crypto Adoption?

One of the world’s largest digital asset management companies Grayscale Investmentsconducted a survey research in the United States. The results of the survey research were announced to the public on the internet yesterday.

Grayscale asked US citizens about the current state of the economy and their view on cryptocurrencies as the midterm elections approached. While the respondents were only 29% satisfied with the economy, it turned out that cryptocurrencies are increasingly being adopted by the masses.

52% of American citizens surveyed said they believe cryptocurrencies are the “future of finance.” 44% of citizens are considering adding digital assets to their investment portfolio in the near future.

Grayscale also asked the political leanings of the participants in its crypto survey. The results show that the Democratic constituency is more adopting crypto than the Republicans.

Uncertainty in the Economy is Bringing People Closer to Crypto

Rising inflation and unstable policies around the world are causing people to seek alternatives to traditional investment products. A quarter of crypto investors participating in the Grayscale survey explained their reason for entering crypto as the economic situation in the country.

Grayscale CEO Michael Sonnenshein said the following based on the survey data:

“Investor interest in crypto continues to grow as the midterm elections in the US approach. Americans continue to seek new investment areas, while economic uncertainty prevails in the country.”

Finally, Sonnenshein stated that with the clarification of crypto regulations in the country, digital assets can become a mainstream investment product.