According to a new survey released by Grayscale on Tuesday, 44% of American voters currently without any cryptocurrency are delaying their purchases, waiting for more regulatory policies to be implemented. This suggests that as the US government clarifies its regulatory stance on digital assets, a large influx of new investments may enter the crypto market.
The report points out that the public’s interest and opinions on cryptocurrency holdings are changing significantly, especially as the 2024 US presidential election approaches, making these topics increasingly important.
The survey results show that 65% of respondents believe that holding Bitcoin is “an investment in the future of blockchain technology,” while 53% see Bitcoin as a “digital payment method or digital currency.” Additionally, 43% of respondents view Bitcoin as a “speculative investment,” and 36% consider Bitcoin 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 who plan to vote in the upcoming presidential election. The survey results highlight the increasing importance of digital assets in the political landscape, with 47% of respondents stating that they expect to include cryptocurrency in their investment portfolios, up from 40% in November last year.
Grayscale’s survey also shows that 41% of respondents are paying more attention to Bitcoin and other cryptocurrencies due to geopolitical tensions, inflation, and a weak US dollar, a significant increase from 34% six months ago.
As the 2024 US presidential election approaches, a poll shows that one-third of American voters will consider candidates’ views on cryptocurrency before voting. Donald Trump has once again made history by becoming the first Republican candidate to seek support from cryptocurrency traders. This has made some Democrats uneasy. Trump told cryptocurrency supporters at Mar-a-Lago that they should “better vote” for him because the Biden administration has taken regulatory crackdown measures against the industry.
Trump’s public support for cryptocurrency is in stark contrast to his criticism of it during his first term, but it is not surprising. In recent years, the Republican Party’s attitude towards Bitcoin and other digital assets has become increasingly friendly, while major Democrats still have differences on whether to grant legitimacy to the industry, particularly after a series of scandals. Trump’s direct support is a milestone moment for cryptocurrency companies that have been 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 is a glorious year for Bitcoin. The price of Bitcoin reached an all-time high on March 13, 2024, and since then, the price of Bitcoin has been higher every day than in previous election years. The headline news is brewing: will November become the “Bitcoin Election Month”? The US is at a crossroads. Both candidates have different macro policies on government deficits and debt, inflation, the independence of the Federal Reserve, and the role of the US in the world; these positions have a direct impact on the US dollar and Bitcoin.
Regardless, as November approaches, it is clear that all policymakers and candidates preparing for the 2024 election will increasingly consider the impact of cryptocurrency.
