Virtual currency on the ballot? No, even young male voters prioritize inflation, jobs, and the economy.

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

what happened: The study, conducted by Blueprint, found that despite the rise of digital assets in financial markets, men aged 18 to 29 place far more emphasis on traditional issues such as inflation, employment, the economy, corruption and crime. , virtual currency has been shown to be one of those three. The least important concern to these voters.

“Younger male voters are more pessimistic about America and its political system than older male voters, but their priorities are still fairly traditional.” evan ross smithBlueprint's lead pollster.

The findings suggest that while cryptocurrencies are prominent in investment portfolios, they have not yet penetrated significantly into the political consciousness of young voters. Instead, issues such as health care, inflation, and employment remain key issues.

Growing interest in investing in virtual currencies

This lack of political focus on cryptocurrencies is in stark contrast to the growing acceptance of cryptocurrencies in the investment world.

According to Gemini's 2024 Global Cryptocurrency Landscape Report, the majority of crypto owners are now comfortable allocating more than 5% of their portfolio to digital assets, demonstrating the mainstream acceptance of cryptocurrencies. I am.

“Cryptocurrency investors have proven their resilience through many market cycles over the years, and this economic downturn was no exception,” said Marshall Beard, chief operating officer at Gemini. said.

The report surveyed investors in the US, UK, France and Singapore and found that although regulatory concerns are a barrier for some, Singapore in particular has 49% of non-owners. While citing regulatory issues, he also revealed that spot cryptocurrency ETFs have begun to be introduced in the United States. A new investment path.

In fact, 37% of U.S. crypto holders currently own digital assets through ETFs, confirming that the sector is increasingly integrated into mainstream investment strategies.

“With the introduction of spot crypto ETFs in the US and significant progress toward thoughtful regulation globally, the industry is poised for strong growth,” Beard added.

Related article: Nigeria drops money laundering charges against Binance executives amid diplomatic pressure

contrasting priorities

Despite the rise of cryptocurrencies as a legitimate investment vehicle, Blueprint research shows that young male voters have yet to align their political interests with their financial behavior.

Cryptocurrency owners are becoming increasingly comfortable with making digital assets part of their portfolios, but topics such as cryptocurrencies and related digital asset issues are becoming less popular in terms of voters' priorities. It is ranked low.

Even among young men who are generally tech-savvy, concerns about inflation, employment, and economic stability are outweighing cryptocurrencies.

As cryptocurrencies continue to grow in the financial sector, Benzinga's Future of Digital Assets event on November 19th will provide a platform for industry experts to explore these trends.

Read next:

Image: Shutterstock