AIBC

US sees 27% supporting Bitcoin as legal tender – YouGov

Posted:Sep 12, 2021 08:30 Category: Americas , Blockchain , Crypto , Posted by
Ravindu Dabarera

Baby boomer downright hated the idea, whilst Democrats showed more interest in the cryptocurrency becoming legal tender than their Republican peers

According to a recent survey, 27% of Americans are in favour of the State making Bitcoin legal tender. Specifically, 11% of respondents “strongly favour” the concept that Bitcoin should be used as legal money in the United States, while 16% “somewhat support” the idea, according to the results.

The survey of 4,912 U.S. citizens found that a higher percentage of Democrats than Republicans favour the measure. In contrast to Republicans, over 29% of Democrats are either strongly or somewhat in favour of recognising Bitcoin as legal money, while just 26% of Republicans are.

Younger generations, as expected, are more supportive. BTC as legal tender is well-liked by respondents aged 25-34, with 44% in favour. Baby boomers (ages 57-75) were virtually as hostile to the proposal (43%), with only 11% supporting it.

Findings show that those who make more than $80,000 a year are twice as likely to favour Bitcoin as legal tender (21%), compared to those who earn less than $40,000. (11%). Most of the opposition comes from those earning less than $40,000.

Next up: Malta Week

Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMAAIBCMed-Tech World and AGS, each presenting the top developments of their focal industries.

The cross-collaboration of each brand makes Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health, and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policymakers, and thought leaders.

Related Posts

Europe pioneers new era of…

The European Commission is taking significant steps towards adopting blockchain technology to revolutionise the verification process of educational and professional…

First digital bond for Israel

The Tel Aviv Stock Exchange in collaboration with the Israeli Ministry of Finance and three leading tech companies issued the…

UK PM announces AI focused…

UK Prime Minister, Rishi Sunak, has announced plans to host a global summit regarding Artificial Intelligence (AI) a landmark move…

Crypto market in turmoil as…

The U.S. Securities and Exchange Commission has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, and its CEO,…