According to Grayscale data, nearly 50% of US voters expect to hold cryptocurrency assets by 2024. A recent survey by Grayscale indicates that Bitcoin usage by US voters is on the rise.
Bitcoin gains popularity with US voters
Voters in the US are becoming more interested in bitcoin. The growth of bitcoin as an asset and macroeconomic trends are driving this interest. This information was found in Grayscale’s most recent poll. Approximately 47% of American voters anticipate having cryptocurrency in their portfolio. This emphasizes how important the subject will be in the approaching election in November.
Investment interest and economic issues
The survey showed that about 32% of respondents were more receptive to learning about cryptocurrencies as an investment. The fact that a majority of voters (28%) chose inflation as the most important problem in the upcoming US election may support this.
Geopolitical unrest, divisive political debates, and ongoing inflation have resulted in more U.S. voters seeking out bitcoin, but the survey also notes significant progress in the token’s ecosystem, including the approval of a spot bitcoin exchange-traded fund.
According to an analysis by Grayscale, politicians and candidates preparing for the 2024 elections will likely take cryptocurrencies into greater consideration.
Former President Donald Trump recently announced his support for the US cryptocurrency industry. He declared that in the global crypto race, the United States should assume the lead.
Billionaire Mark Cuban said the way cryptocurrencies have been regulated so far could have an impact on the 2024 election in response to Trump’s open support of the industry. “If Joe Biden loses, there’s a good chance you’ll be able to thank Gary Gensler and the SEC,” Cuban said in an X post.
Prior to Trump’s pro-crypto remarks, Grayscale conducted a survey that revealed a split among voters over which party was more supportive of the crypto industry. 30 percent of people felt that the Republican and Democratic parties had the most favorable positions on crypto issues.
With the forthcoming November election, major party candidates are anticipated to discuss crypto issues. Former President Donald Trump has indicated that he intends to integrate cryptocurrency into his campaign. As a result, cryptocurrency is likely to be a major topic in the November election.
In the meantime, The Block’s cryptocurrency price dashboard shows that the price of bitcoin rose 1.3% to $68,700 over the past day.
