Trump builds a strategic cryptocurrency reserve》Poll: 51% of US voters "oppose the government spending money to buy cryptocurrency"! Why aren’t taxpayers buying it?
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According to a new survey by the polling firm Data For Progress of 1,169 potential U.S. voters, a majority of voters oppose the establishment of a cryptocurrency strategic reserve, objecting to the use of government funds to purchase and hold cryptocurrencies such as Bitcoin and Ethereum.
The survey results show:
- 51% of respondents oppose
- 34% of respondents support
- 15% of respondents are unsure
On a partisan basis, Republicans are more supportive of the plan, with 41% in support and 40% opposed, while Democrats are clearly opposed, with 59% opposed and 29% in support, indicating a clear ideological divide.
However, it is worth noting that the survey mentioned that the cryptocurrency strategic reserve would "use government funds," but the executive order signed by Trump earlier this month authorized the Treasury Secretary and Commerce Secretary to explore "budget-neutral" strategies to purchase more Bitcoin, meaning it would not impose any financial burden on U.S. taxpayers.
Voters also oppose injecting budget into the cryptocurrency and blockchain development sector, with 45% of respondents stating that the government should reduce federal funding for this area, the highest percentage among the nine potential priority areas including AI research and space exploration.
While Republican voters have a slightly higher level of 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 the current funding level should be maintained, and 20% stating they don't know.
Looking at age groups, respondents under 45 are most likely to support the government increasing funding for cryptocurrencies, with 18% of those under 45 expressing support, compared to only 6% of those 45 and older.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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