TechFlow news, January 8 — According to a report by Cryptonews, new research from the University of Pennsylvania shows that cryptocurrency ownership among Republican supporters reaches 41%, significantly higher than the 32% among Democratic supporters. The two-year study surveyed over 22,000 Americans and found that adoption rates are highest in southeastern states such as Texas, while interest remains relatively low in the Northeast and Pacific Northwest.
David Reibstein, a professor at the Wharton School, said Republican supporters' preference for cryptocurrencies stems largely from their decentralized nature, which aligns with the party's emphasis on limiting government power and promoting individual autonomy. From a demographic perspective, millennials aged 25–44 represent the largest group investing in cryptocurrencies, followed by Generation X and younger members of the baby boomer generation. Men hold cryptocurrencies at twice the rate of women.
The study also revealed that 54% of respondents would be willing to use cryptocurrencies for online shopping, but only 7% would accept them as salary payments.
