Bitcoin
US Voters Increasingly Focused on Cryptocurrency as 2024 Election Approaches: Grayscale
New data from crypto asset management firm Grayscale reveals that US voters are increasingly focusing on cryptocurrencies as the 2024 presidential election approaches.
In a new blog postGrayscale says this election cycle may be partially centered around Bitcoin (BTC) and cryptocurrencies as voters become increasingly interested in investing in digital assets.
To reach this conclusion, the cryptocurrency company conducted a survey between April 30 and May 2 of this year among 1,768 adults (aged 18 and older) who plan to vote in the 2024 presidential election.
“2024 has been a banner year for Bitcoin so far. The price of Bitcoin hit an all-time high on March 13, 2024; in addition, the price of Bitcoin has been higher than ever before in previous election years on every day so far in 2024. Speculation and headlines have begun: Could November be ‘the Bitcoin election’?
This growing focus on cryptocurrency isn’t limited to just Bitcoin. Instead, it extends to a broader view of crypto assets, both in terms of general interest and willingness to invest. Nearly a third of voters (32%) say they’re more open to learning about cryptocurrency investments or actually investing in cryptocurrencies since the start of the year.
Compared to November 2023, voters are also more likely to view cryptocurrency as a good long-term investment opportunity (23% vs. 19%) and increasingly expect part of their investment portfolio to include cryptocurrency (47% vs. 40%).”
Source: Grayscale
Grayscale found that voters are split on which political party has the best policies on crypto assets, showing that support for cryptocurrencies doesn’t just fall one way.
“While Trump is embracing crypto more on the campaign trail, the data shows that crypto is a bipartisan issue, with similar ownership rates among Republicans (18%) and Democrats (19%).
Voters are split on which party is more supportive of the sector, as an equal percentage of voters (30% each) think both the Democratic and Republican parties have the most favorable stance on cryptocurrency policies.
These findings demonstrate that support for cryptocurrency is not predominantly biased towards one party and suggest balanced interest across the political spectrum.”
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