Bitcoin Increasingly Relevant To Voters Ahead Of U.S. Presidential Election, Survey Says
Bitcoin’s relevance is increasing ahead of the 2024 U.S. Presidential election as Joe Biden and Donald Trump are expected to face off once more for the White House, according to a Tuesday survey by Grayscale.
According to Grayscale’s survey, Bitcoin’s spotlight is growing partly due to geopolitical tensions, U.S. dollar risks, and inflation. 47% of voters utilize crypto in their investment portfolios.
Regulatory developments in the crypto industry also seem to be affecting voter perception, with nearly one in three claiming spot Bitcoin ETF approval made them more interested in investing in Bitcoin.
At the time of publication, Bitcoin was trading around $67,800.
NEW POLL: With US elections on the horizon, American voters’ feelings about #crypto are coming into focus. Here are some of the findings from @HarrisPoll’s latest longitudinal survey on behalf of @Grayscale. 1/5
Read the full report: https://t.co/d3mMEASVh9 pic.twitter.com/YrAf0LCBs2
— Grayscale (@Grayscale) May 28, 2024
“As we approach November, it seems clear that crypto will increasingly be considered by policymakers and candidates across all offices that are preparing to run for office in the 2024 election,” Grayscale said.
Crypto is quickly becoming a hot-button political topic, and digital assets are expected to play a major role in several key races in November.
Republican frontrunner Donald Trump largely embraced cryptocurrencies, while current U.S. President Joe Biden has pushed for increased regulation in the sector.
“I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” Trump said in a recent Truth Social post. “Our country must be the leader in the field. There is no second
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