Cryptocurrency will be a decisive topic in the upcoming US presidential election in November. A new survey sponsored by cryptocurrency asset manager Grayscale has revealed important insights into how US voters perceive cryptocurrencies in relation to the upcoming election and their political significance.
This survey was conducted by Harris Poll on behalf of Grayscale from November 27 to 29, 2023. A survey was conducted among 1,759 people (18 years of age or older) who were interested in voting in this election. The survey highlighted the growing importance of cryptocurrencies in the minds of voters.
The importance of cryptocurrencies this election season is evident in former President Donald Trump’s changing stance. Although he was a strong critic of Bitcoin (BTC) during his presidency, he now supports Bitcoin and supports various other causes related to the cryptocurrency world.
Meanwhile, the Biden administration has made significant policy changes favoring cryptocurrencies. Other candidates, including Robert F. Kennedy Jr., have also expressed support for cryptocurrencies.
According to the survey, 73% of individuals surveyed believe that presidential candidates should have an informed view on disruptive technologies such as cryptocurrency and artificial intelligence (AI).
One in three US voters said they would consider a political candidate’s stance on cryptocurrencies before voting.
Almost everyone surveyed (98%) has heard of Bitcoin. Several voters also mentioned Ethereum (ETH), with only 46% of respondents saying they had never heard of it.
Just over 17% of voters reported investing in Bitcoin, about the same as those who reported owning bonds and significantly more than those who claimed to own exchange-traded funds (ETFs).
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Seven in 10 respondents said they had invested, and nearly one in five (19%) said they owned cryptocurrency. This percentage is higher among men (23%), black and Hispanic voters (26%, 32%), and younger voters (31% of Gen Z).
Most people say that inflation has increased interest in cryptocurrencies. Additionally, 40% of investors said their future portfolio will include cryptocurrencies.
Research shows that Generation Z and Millennials are investing more in cryptocurrencies than traditional assets such as stocks and bonds. Among them, 31% of Generation Z and 35% of Millennials invested in cryptocurrency.
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