Coin Edition -
- According to Grayscale Investments’ national survey, there is a shift towards cryptocurrencies in the US.
- 77% of voters believe that the Presidential candidates should have adequate knowledge of AI and crypto.
- The survey sheds light on the candidates’ diverse approach to cryptocurrencies.
A new survey by Grayscale Investments sheds light on American voters’ changing perceptions of the financial system and cryptocurrencies, potentially impacting the 2024 US presidential election. Grayscale’s national survey, under the title, “2024 Election: The Role of Crypto,” reveals the public’s evolving views on cryptocurrencies and their role in the upcoming presidential race.
The Harris Poll, conducted online on behalf of Grayscale between April 30th and May 2nd, surveyed 1,768 voters. Significantly, 77% of respondents expressed a belief that presidential candidates should possess a stronger understanding of innovative technologies like artificial intelligence and cryptocurrencies.
The survey suggests that current economic conditions in the US are driving increased acceptance of cryptocurrencies, leading to greater adoption of Bitcoin and other digital assets. Nearly half of the voters are interested in including cryptocurrencies in their investment portfolio. Zach Pandl, Grayscale’s Head of Research, stated,
“This is a timely survey given the latest developments related to crypto policy on the Hill. Likely American voters from across the political spectrum indicate a heightened interest in investing in crypto assets and in supporting candidates well-versed in the emerging technologies.”
The report pinpointed a critical question: “Could November be ‘the Bitcoin Election’?” The survey factors in the surging demand for spot-Bitcoin ETF since its January 2024 launch and Bitcoin’s March 2024 all-time high of $73,700.
The report also highlights the differing stances of presidential candidates on cryptocurrencies. Former President Donald Trump, seeking the Republican nomination, has reportedly begun building a “crypto army” and accepting cryptocurrency donations.
In contrast, President Joe Biden has reiterated his skepticism towards cryptocurrencies. The Biden administration has opposed the Republican FIT21 bill, which promotes crypto-friendly regulations, and has proposed establishing an “anti-crypto army” within the government.
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