CoinDesk reports:
New data from the cryptocurrency asset management company Grayscale shows that as the 2024 presidential election approaches, American voters are paying more attention to cryptocurrencies.
In a new blog post, Grayscale stated that as voters become increasingly interested in digital asset investments, this election cycle may be partially centered around Bitcoin and cryptocurrencies.
To reach this conclusion, the cryptocurrency company surveyed 1,768 adults (18 years and older) who plan to vote in the 2024 presidential election between April 30 and May 2 of this year.
“So far, 2024 has been a brilliant year for Bitcoin. The price of Bitcoin hit an all-time high on March 13, 2024; furthermore, the price of Bitcoin has been higher every day so far in 2024 compared to previous election years. Speculation and headlines have already begun: will November be the ‘Bitcoin election’?
The attention on cryptocurrencies is not limited to Bitcoin alone. Instead, it extends to a broader perspective on crypto assets, whether from a general interest or investment perspective. One-third of voters (32%) stated that since the beginning of the year, they have become more open to learning about cryptocurrency investments or actually investing in cryptocurrencies.
Compared to November 2023, voters are also more likely to view cryptocurrencies as a good long-term investment opportunity (23% vs. 19%), and increasingly expect some of their investment portfolios to include cryptocurrencies (47% vs. 40%).”
Source: Grayscale
Grayscale found that there is a divergence among voters on which political party has the best policies regarding cryptocurrency assets, indicating that support for cryptocurrencies is not one-sided.
“Although Trump was more supportive of cryptocurrencies during his campaign, the data shows that cryptocurrencies are a bipartisan issue, with similar ownership rates among Republicans (18%) and Democrats (19%).
There is a disagreement among voters on which political party is more favorable to the industry, as an equal proportion of voters (each at 30%) believe that the Democratic and Republican parties have the most favorable positions on cryptocurrency policies.
These findings suggest that support for cryptocurrencies is not overwhelmingly skewed towards one side and indicate that interest across the entire political spectrum is balanced.”
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