Regulation
A Grayscale poll shows that 47% of US voters want cryptocurrencies in their wallets
According to a recent Harris Poll survey of likely US voters, geopolitical tensions and inflation have pushed an increasing number of American voters to turn to Bitcoin.
Funded by Bitcoin ETF issuer Grayscale, the survey reveals that one in three US voters will consider a political candidate’s stance on cryptocurrencies before deciding how to vote.
Increased voter interest in cryptocurrencies
The poll included responses from more than 1,700 likely US voters. It found that 77% believe US presidential candidates should at least have an “informed perspective” on cryptocurrencies.
NEW POLL: With the US elections on the horizon, the feelings of American voters #crypto they are coming into focus. Here are some of the results of @HarrisPoll‘s latest longitudinal survey on behalf of @Greyscale. 1/5
Read the full report: https://t.co/d3mMEASVh9 pic.twitter.com/YrAf0LCBs2
— Grayscale (@Grayscale) May 28, 2024
The survey found that 41% of likely voters are paying more attention to Bitcoin and other crypto assets due to geopolitical tensions, inflation and the weakening US dollar, an increase from 34% in November 2023.
Additionally, 47% of respondents plan to include cryptocurrencies in their investment portfolios, up from 40% the previous year. Inflation remains the main issue for voters (28%), increasing the attractiveness of assets such as Bitcoin, which has a transparent supply with hard limits.
Events such as the spot approval of the Bitcoin ETF in the United States in January 2024 and the halving in April 2024 increased voter interest in investing in BTC and other crypto assets, with 18% and 20% of voters , respectively, indicating growing interest.
Notably, 9% of retiree voters reported increased interest in investing in Bitcoin or cryptocurrencies following the ETF’s approval.
Voters demand clear regulation of cryptocurrencies
The grayscale highlighted BTC’s strong performance in 2024, with its price reaching a new all-time high on March 13th. This has sparked speculation that the upcoming election could be dubbed “the Bitcoin election.” The focus isn’t just limited to BTC; it extends to a wider range of crypto assets. Nearly a third of voters (32%) reported being more open to learning about or investing in cryptocurrencies since the beginning of the year.
The poll also revealed that voters increasingly view cryptocurrencies as a good long-term investment opportunity, with 23% supporting this view compared to 19% in November 2023. Clearer regulations could further increase the attractiveness of cryptocurrencies among voters. The poll found that 52% of voters would be more likely to invest in cryptocurrencies with clearer policies, up from 48% in November 2023.
A significant majority (79%) agree that political leaders should work to create frameworks and rules that enable financial inclusion and investor protection.
Presidential candidate Donald Trump recently adopted a pro-cryptocurrency stance position. Reports indicate that he asked David Bailey, CEO of Bitcoin Magazine and Trump campaign crypto aide, whether Bitcoin could be leveraged to solve the US national debt problem.
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