Grayscale Reports Growing Interest in Cryptocurrency Among US Voters Ahead of 2024 Election
Fresh data from Grayscale, a leading crypto asset management firm, indicates a growing focus among US voters on cryptocurrencies as the 2024 presidential election draws nearer.
According to a recent blog post by Grayscale, the upcoming election cycle may prominently feature discussions around Bitcoin (BTC) and other cryptocurrencies, reflecting a heightened voter interest in digital asset investments.
The firm arrived at this insight following a survey conducted between April 30th and May 2nd this year, involving 1,768 adults aged 18 and older who intend to participate in the 2024 presidential election.
“2024 has proven to be a pivotal year for Bitcoin. On March 13, 2024, Bitcoin reached an unprecedented peak in value, surpassing previous election year highs. Speculation and anticipation are mounting: could November mark ‘the Bitcoin Election’?”
This surge of interest isn’t confined solely to Bitcoin but extends broadly across various crypto assets, encompassing both a general curiosity and an increasing willingness to invest. Nearly a third of respondents (32%) expressed heightened openness towards learning about crypto investments or actively investing in them since the year began.
Compared to November 2023, there’s also a notable shift in voter perceptions towards crypto’s viability as a long-term investment (23% compared to 19%) and an expectation that crypto will form a larger portion of their investment portfolios (47% compared to 40%).
Grayscale’s findings further reveal a split among voters regarding which political party best supports crypto policies, underscoring that crypto’s appeal transcends partisan lines.
“While Trump’s campaign has embraced crypto prominently, data indicates that crypto enjoys bipartisan support, with similar ownership rates among Republicans (18%) and Democrats (19%).”
Voters appear equally divided on which party exhibits a more favorable stance towards the crypto industry, with 30% attributing the most favorable crypto policies to both the Democratic and Republican parties.
These insights highlight a balanced and widespread interest in crypto across the political spectrum, suggesting that support for crypto is not exclusively aligned with any single party.
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