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Grayscale‘s latest survey reveals that nearly half of US voters expect to include cryptocurrencies, especially Bitcoin (BTC), in their investment portfolios. This increased interest seems to result from macroeconomic developments and Bitcoin’s maturation as an asset.
One of the Most Decisive Issues for the 2024 US Presidential Elections
According to the survey, approximately 47% of American voters plan to add cryptocurrencies to their portfolios, reflecting the importance of this issue in the upcoming November elections. The survey also reveals that 32% of voters are more open to learning about cryptocurrencies as an investment.
This increased interest likely stems from current economic concerns. Notably, 28% of voters state that inflation is the most urgent issue for the upcoming US Presidential elections. Geopolitical tensions, polarizing political rhetoric, and ongoing inflation have further fueled demand for Bitcoin and other cryptocurrencies.
Moreover, significant developments in the crypto world, such as the approval of spot Bitcoin exchange-traded funds (ETFs), have contributed to the growing interest among voters. These developments indicate that cryptocurrency will become an increasingly important issue for policymakers and candidates in the 2024 US Presidential elections. Grayscale added that the rising importance of cryptocurrency would be a key issue for many political candidates during the election process.
Trump Clearly Announced His Support
Former US President and leading Republican candidate for 2024 Donald Trump recently announced his support for crypto in the US. Trump stated that the US should establish a leadership position in the global crypto race. This support from a prominent political figure underscores the increasing importance of crypto in the political arena.
Responding to Trump’s support for crypto, famous billionaire Mark Cuban highlighted the potential impact of crypto regulation on the 2024 elections. Cuban suggested that if President Joe Biden loses the election, it could be due to Gary Gensler and the SEC’s regulatory stance. This comment reflects the contentious nature of crypto regulation and its potential impact on voter sentiment.
Grayscale’s survey, conducted before Trump’s pro-crypto statements, showed that voters are divided on which political party is more favorable towards the crypto world. Thirty percent of voters believe that both the Democratic and Republican parties have positive views on crypto policies. This division reveals that crypto will be a bipartisan issue in the upcoming elections.
