The “Trump Effect” Divides Australia: Only a Third of the Population View Him as a Positive Figure for the Cryptocurrency Sector

A recent survey conducted by Independent Reserve reveals that only one third of Australians view Donald Trump as a positive figure for the cryptocurrency sector

A recent survey by Independent Reserve has found that only one-third of Australians view Donald Trump as a positive figure for the cryptocurrency sector, despite the significant rise of Bitcoin since his election. This study comes against the backdrop of Trump’s pro-crypto promises reshaping the American digital landscape.

The cryptocurrency exchange surveyed 2,100 Australian adults on February 21, 2025, about their perception of Donald Trump regarding the crypto market. The results show a largely divided population: 31% of respondents believe that Trump is favorable to cryptocurrencies, while 8% consider him harmful. The majority, about 60% of respondents, remain neutral on the issue.

The study reveals a marked contrast between cryptocurrency holders and non-investors. Among crypto investors, 50% see Trump as a positive influence and 44% remain neutral, compared to only 6% expressing negative views. Non-investors are significantly more reserved, with only 20% holding favorable opinions.

Moreover, large investors (more than 10,000 Australian dollars per month) show unanimous support, with no negative opinion regarding Trump. Adrian Przelozny, CEO of Independent Reserve, emphasizes: “There is a strong expectation that his pro-crypto policies will foster innovation and broader adoption of digital assets.”

This survey takes on particular significance in the context of the upcoming Australian federal elections scheduled for May 17. Another YouGov poll, conducted by Swyftx with 2,000 voters, indicates that 59% of crypto investors are more inclined to vote for a pro-crypto candidate. This potentially represents an electoral bloc of 2 million Australians.

Crypto adoption in Australia has reached record levels since 2019, with nearly one third of Australians claiming to own or have owned cryptocurrencies. This increase of 16 points over six years is accompanied by obstacles: 20% of respondents report being prevented by their banks from purchasing cryptocurrencies.

In light of these issues, Luke Howarth, opposition representative, commits to swiftly implementing appropriate regulations if his party comes to power. In contrast, the Labor government, despite completing a consultation on a regulatory framework at the end of 2023, has yet to propose concrete legislation.

This survey occurs as the Reserve Bank of Australia is exploring the introduction of the e-AUD, its central bank digital currency. This initiative contrasts with Donald Trump’s position, who recently signed a decree banning the development and use of CBDCs in the United States.