CoinDesk reports:
New data from Grayscale, a cryptocurrency asset management company, 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 conducted a survey from April 30 to May 2 of 1768 adults (18 years and older) who plan to vote in the 2024 presidential election.
“So far, 2024 has been a stellar 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 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. Instead, it expands to a broader perspective on crypto assets, whether from general interest or investment willingness. Thirty-two percent of voters stated that since the beginning of the year, they have a more open attitude towards learning about cryptocurrency investments or actually investing in cryptocurrencies.
Compared to November 2023, voters are also more likely to see cryptocurrencies as a good long-term investment opportunity (23% compared to 19%), and increasingly expect some of their investment portfolios to include cryptocurrencies (47% compared to 40%.”
Source: Grayscale
Grayscale found that there are differences among voters on which political party has the best policies regarding crypto assets, indicating that support for cryptocurrencies is not one-sided.
“Although Trump has shown more support for 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 disagreement among voters on which party is more favorable to the industry, as an equal proportion of voters (30% each) believe that the Democratic Party and the Republican Party have the most favorable positions on cryptocurrency policies.
These findings suggest that support for cryptocurrencies is not overwhelmingly biased towards one side, and indicate that interest spans the entire political spectrum.”
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