A strong majority of U.S. voters see crypto and web3 as important new advances that benefit average Americans, a new survey shows. Moreoever, voters want the government to make sure that regulation is sensible and positions the country for continued technological leadership, they say.
The survey, commissioned by Andreessen Horowitz and conducted this month by Morning Consult, shows broad support across a range of questions related to crypto, digital assets, and the decentralized internet framework known as web3, in which blockchain-based technologies would reduce the power of centralized platforms and corporations and give citizens more autonomy over their money, data, and other assets.
“Even we were surprised by just how many people understand and embrace this vision of a decentralized future,” said Tomicah Tillemann, global head of policy for a16z Crypto. “Web3 is no niche matter. It’s a movement — one that’s gaining builders, backers, and believers every day.”
Economic issues paramount for voters
The survey showed that most Americans see crypto as a positive force for innovation and opportunity. First, the overall voter sentiment and economic numbers:
Leaders on both sides of the aisle would be well-served by a new strategy for an emerging American economy — web3 and crypto are central to that conversation, especially in communities of color, according to the study. Web3 appeals to Americans precisely because it gives people more control over their finances during an economically anxious time, the survey shows. As a result, a majority think digital assets are the future of finance.
Moderate regulation urged
Given this, voters strongly responded that they do not want to see heavy-handed efforts to shut down or jeopardize the potential of web3.
Holders are many and diverse
Another key finding in the survey: A significant percentage of Americans own digital assets, and ownership is diverse. This isn’t just a fad — it’s about having more control at a time when trust in institutions is greatly diminished.
Opportunity for both parties
As midterm elections approach, both parties have an opportunity to get savvy. Voters care about the economy — and they are overwhelmingly pro-web3. This is especially true for young voters and Black/Latinx voters.
About the poll: This survey, commissioned by Andreessen Horowitz and conducted by Morning Consult, interviewed 2,191 registered voters in the United States online from December 1-3, 2021. The margin of error of a truly random sample is +/- 2 percentage points; a larger margin of error may apply within subgroups.