Almost 80% of Crypto Hodlers Would Support Web3-pro Candidate, Says a16z
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Dec. 22, 2021
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Andreessen Horowitz (a16z), a venture capital giant, has found that one in five Americans now hodl cryptocurrencies. According to a recently survey where 2,191 Americans were interviewed, 20% of the respondents said they own cryptocurrency. The Menlo Park-based company found that almost 90% of cryptocurrency hodlers say they joined the industry to have "more direct control over my money."

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"Crypto owners are increasingly diverse, well-researched, and forward-looking. This is not just a fad — it is also about having more control over your assets," a16z said in a report.

Survey: 40% of Mastercard Users Intend to Use Cryptos

Moreover, the survey demonstrated high interest of cryptocurrency owners in Web3, as 79% of voters said they would be more likely to vote for a candidate that supports Web3 technology. Another 17% said they are "much more likely" to vote for the candidate.

In April this year, a research firm Piper Sandler found that approximately 7,000 US teens (9% of all respondents) traded cryptocurrencies. According to the survey, teens were still using cryptocurrencies mostly for spending. For example, the top spending priority was food.

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