As the U.S. government implements a strategy to establish a cryptocurrency strategic reserve, a new survey conducted by the polling company Data For Progress, which primarily investigates left-wing support rates, shows that as many as 51% of voters oppose the use of U.S. government spending to purchase and hold cryptocurrency strategic reserves, with only 34% expressing support.
(Background: Utah passed a Bitcoin bill, but the most important provision “5% of assets to buy BTC was removed,” where is the next hope?)
(Additional context: A look at the progress of cryptocurrency reserve bills in various U.S. states)
According to a new survey by the polling agency Data For Progress involving 1,169 potential voters in the U.S., the majority of voters oppose establishing a cryptocurrency strategic reserve and have concerns about using government funds to purchase and hold cryptocurrencies such as Bitcoin and Ethereum. The survey results indicate:
- 51% of respondents oppose
- 34% of respondents support
- 15% of respondents are uncertain
From a partisan perspective, Republicans are somewhat more supportive of this plan, with 41% in favor and 40% opposed, while Democrats clearly oppose it, with 59% against and 29% in support, indicating a significant ideological divide.
However, it is noteworthy that the survey mentioned the cryptocurrency strategic reserve would “use government funds,” while an executive order signed by Trump earlier this month authorized the Secretaries of the Treasury and Commerce to explore “budget-neutral” strategies to purchase more Bitcoin, meaning it would not impose any financial burden on U.S. taxpayers.
Voters oppose budget allocation in the cryptocurrency sector
Additionally, voters were asked whether the federal government should increase, decrease, or maintain funding for nine potential priority areas. 45% of respondents stated that the government should reduce federal funding for cryptocurrency and blockchain development, making it the area with the highest proportion requesting a decrease in funding among the nine issues, which include AI research and space exploration.
Although Republican voters show slightly higher support for the cryptocurrency strategic reserve, 36% of Republican respondents believe the government should reduce federal funding for cryptocurrency and blockchain development, with only 12% supporting an increase, 31% believing current funding levels should be maintained, and 20% indicating they do not know.
By age group, respondents under 45 are the most likely to support increased government funding for cryptocurrency, with 18% of those under 45 expressing support for an increase, while only 6% of those over 45 indicated support.
