According to a new survey released by Grayscale on Tuesday, 44% of American voters currently without any cryptocurrency are postponing their purchases, awaiting further regulatory policies. This indicates that with the US government clarifying its regulatory stance on digital assets, a significant influx of new investments may pour into the crypto market.
The report points out that public interest and opinions on holding cryptocurrencies are undergoing significant changes, especially as the 2024 US presidential election approaches, making these topics increasingly important.
The survey results show that 65% of respondents believe holding Bitcoin is an “investment in the future of blockchain technology,” while 53% consider Bitcoin as a “digital payment method or digital currency.” Additionally, 43% of respondents view Bitcoin as a “speculative investment,” and 36% see it as a “digital form of gold or a hedge against inflation.”
This survey, conducted by Harris Poll from April 30 to May 2, covered the responses of 1,768 adults planning to vote in the upcoming presidential election. The survey results highlight the growing importance of digital assets in the political landscape, with 47% of respondents stating that they expect to include cryptocurrencies in their investment portfolios, higher than the 40% in November last year.
Grayscale’s survey also shows that 41% of respondents are more interested in Bitcoin and other cryptocurrencies due to geopolitical tensions, inflation, and a weakened US dollar, a significant increase from 34% six months ago.
As the 2024 US presidential election approaches, a survey reveals that one-third of American voters will consider candidates’ views on cryptocurrencies before voting. Donald Trump has once again made history: he is likely to become the first Republican candidate to seek support from cryptocurrency traders. This has made some Democrats uneasy. Trump told cryptocurrency supporters at his Mar-a-Lago estate that they should “vote for him” due to the Biden administration’s regulatory crackdown on the industry.
Trump’s public support for cryptocurrencies contrasts with his criticism of them during his first term, but it is not surprising. In recent years, the Republican Party has become increasingly friendly towards Bitcoin and other digital assets, while major Democrats still have differences on whether to legitimize the industry after a series of scandals. Trump’s direct support is a milestone moment for cryptocurrency companies, which have been heavily lobbying in Washington and spending millions of dollars to influence the 2024 elections.
Surprisingly, US President Joe Biden will attend the inauguration of Salvadoran President Nayib Bukele this Saturday, who is recognized as the Bitcoin president. Does this gesture signify anything?
So far, 2024 has been a glorious year for Bitcoin. The price of Bitcoin hit an all-time high on March 13, 2024; furthermore, the price of Bitcoin has been higher than previous election years every day since 2024. The headlines are brewing: will November become the “Bitcoin Election Month”? The United States stands at a crossroads. The two candidates have different macro policies regarding government deficits and debt, inflation, the independence of the Federal Reserve, and the role of the United States in the world; these positions directly impact the US dollar and Bitcoin.
Regardless, as November approaches, it is apparent that all policymakers and candidates preparing for the 2024 election will increasingly consider the impact of cryptocurrencies.
