Bitcoin’s Growing Relevance in 2024 US Elections: Grayscale Survey
A recent poll from Grayscale found that U.S. voters are increasingly attracted to Bitcoin, driven by macroeconomic developments and Bitcoin’s maturity as an asset class. Approximately 47% of US voters expect to include cryptocurrencies as part of their portfolio, highlighting that the topic will be prominent in the upcoming November election.
About 32% of voters said they are more open to learning about cryptocurrencies as an investment. inspection showed it This can be supported by the fact that the largest number of voters (28%) chose inflation as the most pressing issue in the upcoming US election.
Research shows that geopolitical tensions, polarization of political discourse, and ongoing inflation are driving more U.S. voters toward Bitcoin, but have also led to major developments surrounding the token, including the approval of a spot Bitcoin exchange-traded fund (ETF).
“It seems clear that cryptocurrencies will increasingly be considered by policymakers and candidates for all public offices as they prepare to run for election in 2024,” Grayscale said.
Former President and Current Leader of 2024 Republican candidate Donald Trump He recently publicly expressed his support for the U.S. cryptocurrency economy, saying the U.S. needs to establish a leadership position in the global cryptocurrency race.
Billionaire Mark Cuban wrote about Trump’s public support for cryptocurrencies that the 2024 election could be affected by how cryptocurrencies have been regulated so far. “If Joe Biden loses, he will likely thank Gary Gensler and the SEC.” written by a cuban In the X post.
A Grayscale survey conducted prior to Trump’s declaration of support for cryptocurrencies found that voters were split on which party was better for the cryptocurrency industry. Equal shares of voters (30% each) say that both Democrats and Republicans have the most favorable views on cryptocurrency policy.
Meanwhile, the price of Bitcoin rose 1.3% to $68,700 over the past 24 hours. The Block’s Cryptocurrency Price Dashboard.
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