As the U.S. government promotes the establishment of a strategic reserve for cryptocurrencies, a new survey conducted by the polling company Data For Progress, which primarily investigates left-wing support rates, shows that up to 51% of voters oppose using U.S. government spending to purchase and hold a strategic reserve of cryptocurrencies, with only 34% expressing support.
(Background: The state of Utah passed a Bitcoin bill, but the most important clause, “5% of assets to buy BTC,” was removed. Where is the next hope?)
(Background supplement: A look at the progress of cryptocurrency reserve bills across U.S. states)
According to the new survey by Data For Progress, which sampled 1,169 potential voters in the U.S., a majority of voters oppose establishing a strategic reserve for cryptocurrencies and object to using government funds to purchase and hold cryptocurrencies such as Bitcoin and Ethereum. The survey results are as follows:
- 51% of respondents oppose
- 34% of respondents support
- 15% of respondents are unsure
In terms of party affiliation, Republicans show slightly more support for this plan, with 41% in favor and 40% opposed, while Democrats are clearly opposed, with 59% against and 29% in support, indicating a significant ideological divide. However, it is noteworthy that the survey mentions that the strategic reserve for cryptocurrencies would “use government funds,” but 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 injecting budget into the cryptocurrency sector
Moreover, voters were asked whether the federal government should increase, decrease, or maintain funding for nine potential priority areas. 45% of respondents indicated that the government should reduce federal funding for cryptocurrency and blockchain development, the highest proportion of those calling for reduced funding among the nine areas, which include AI research and space exploration.
Despite slightly higher support for the strategic reserve among Republican voters, 36% of Republican respondents believe the government should reduce federal funding for cryptocurrency and blockchain development, while only 12% support an increase, 31% think current funding levels should be maintained, and 20% expressed uncertainty.
By age group, respondents under 45 are most likely to support an increase in government funding for cryptocurrencies, with 18% of those under 45 expressing support for an increase, while only 6% of those over 45 indicated support.
