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American Voters Increasingly Turning to Crypto, Survey Reveals

Key Takeaways

  • A survey by Grayscale Investments and The Harris Poll shows growing interest among American voters in cryptocurrencies;
  • Voters increasingly support candidates knowledgeable about crypto;
  • Younger generations are particularly open to crypto investments.
American Voters Increasingly Turning to Crypto, Survey Reveals

A recent survey by Grayscale Investments and The Harris Poll reveals a growing interest among likely American voters in cryptocurrency investments.

Titled "2024 Election: The Role of Crypto," the survey explores how current financial conditions and changing attitudes toward crypto are shaping voter decisions.

The findings, released in stages ahead of the November US Elections, reveal that geopolitical tensions, inflation, and a weakening US dollar drive more voters toward Bitcoin (BTC) and other cryptocurrencies. Additionally, the data shows an increasing number of voters planning to include crypto in their investment portfolios.

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Compared to last year, more voters are likely to support a candidate who understands crypto. This is echoed by a large majority of voters who believe that presidential candidates should be well-informed about innovative technologies like artificial intelligence (AI) and crypto.

Zach Pandl, Grayscale's Head of Research, said:

Likely American voters from across the political spectrum indicate a heightened interest in investing in crypto assets and in supporting candidates well-versed in emerging technologies. Aligned with recent votes in the House and Senate, this data reinforces that crypto has become a bipartisan issue that neither party can afford to overlook.

The survey also reveals a near-even split among voters regarding which political party supports crypto more. While many Democrats and Republicans see their respective parties as more favorable toward crypto, over half of Independent voters remain uncertain about which party is more supportive.

Furthermore, the findings highlight that regulatory clarity is crucial for potential crypto investors. The survey found that 52% of voters would be more inclined to invest in crypto if more precise regulations were established. Furthermore, 79% of voters agree that political leaders should create frameworks that promote financial inclusion and protect investors.

The survey report also says that younger generations are particularly open to exploring crypto:

The next administration's approach to <crypto> will be important. This is particularly key for the youth vote, as 62% of Gen Z and Millennial voters believe crypto and blockchain technology are the future of finance.

Therefore, as the 2024 elections approach, American voters' growing interest in cryptocurrencies will likely influence investment trends and political strategies.

In related news, Joe Biden recently vetoed a resolution to overturn the Securities and Exchange Commission's (SEC) SAB 121, a regulation that mandates banks to list customers' digital assets on their balance sheets.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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