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International Business Times
International Business Times
Business
Merin Rebecca Thomas

Republicans Outpace Democrats In Crypto Adoption As Political Divide Emerges In U.S. Market

Republicans and Democrats had reported similar levels of crypto use in earlier surveys, but Republican participation has risen from 16% in 2021 while Democratic usage has remained unchanged at 17%, figures from Pew Research Center showed. (Credit: Pixabay)

Cryptocurrency ownership in the United States has developed a noticeable political divide, with Republicans now participating in digital assets at higher rates than Democrats at a time when geopolitical tensions and conflicts in the Middle East have kept investors closely watching global markets.

About 22% of Republicans and Republican-leaning independents said they have invested in, traded or used cryptocurrencies such as bitcoin and ether, compared with 17% of Democrats and Democratic leaners, according to a survey of 8,512 U.S. adults. Overall, about one in five Americans said they have used crypto. The figures were published by Pew Research Center earlier this month.

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