21/02/25

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Donald Trump’s recent election as president of the United States has had a noticeable impact on global cryptocurrency markets, with significant gains following his commitments to support the sector. However, a recent survey conducted by an Australian crypto exchange reveals that opinions among Australians about Trump’s influence on the industry are mixed. Among the 2,100 adults surveyed, only 31% believe Trump will have a positive impact on cryptocurrency, while 8% view him negatively. The majority, about 60%, remained neutral.

Interestingly, attitudes towards Trump differ significantly between crypto investors and non-investors. Approximately half of the Australian crypto investors surveyed expressed optimism regarding Trump’s potential impact, with 44% remaining neutral and only 6% viewing him as a negative influence. In contrast, just 20% of non-crypto investors saw him in a positive light, while 10% labeled him as detrimental to the sector.

In the wake of Trump’s election on November 5, Bitcoin has surged in value, trading at $91,100, marking an increase of over 40%. The cryptocurrency reached a high of $108,786 on January 20, coinciding with Trump’s return to the White House. The prevailing sentiment is that his pro-crypto policies may encourage innovation and foster broader acceptance of digital assets.

In addition to the survey results, a separate poll conducted by YouGov indicated that 59% of current crypto investors are inclined to vote for candidates who support crypto policies, potentially forming a voting bloc of approximately 2 million individuals in Australia. As the country approaches its federal election, scheduled for May 17, the competition between the ruling center-left government and the center-right opposition appears to be tightening.

Since the survey’s initiation in 2019, Australian crypto ownership has risen, with nearly 33% of respondents indicating they own or have owned digital currencies. However, nearly 20% have experienced difficulties with banks either blocking their purchases or delaying transactions related to exchanges, underscoring ongoing regulatory challenges. Industry leaders are calling for clearer regulations to enhance market stability and integrity, emphasizing the importance of swift governmental action in response to these issues.