Cryptocurrency might be a vital situation within the upcoming US presidential election in November. A brand new survey sponsored by crypto-asset supervisor Grayscale has revealed vital details about how US voters understand cryptocurrency in relation to the upcoming election and its political significance.
The survey was carried out by Harris Ballot on behalf of Grayscale from November 27 to 29, 2023. It surveyed 1,759 folks (aged 18 and over) who intend to vote. The survey highlighted the rising significance of crypto within the minds of voters.
The significance of cryptocurrency on this election season is obvious from former President Donald Trump’s change of place. Whereas he was closely crucial of Bitcoin (BTC) throughout his presidency, he now helps Bitcoin and helps numerous different crypto-related causes.
In the meantime, the Biden administration has additionally made a big coverage shift in favor of cryptocurrency. Different candidates, together with Robert F. Kennedy Jr., have additionally expressed assist for the cryptocurrency.
In response to the survey, 73% of individuals surveyed consider that presidential candidates ought to have an knowledgeable view on revolutionary applied sciences reminiscent of cryptocurrency and synthetic intelligence (AI).
One in three US voters stated they’d contemplate a politician’s stance on cryptocurrencies earlier than voting.
Nearly all respondents (98%) have heard of Bitcoin. Few voters additionally talked about ether (ETH), with solely 46% of respondents saying that they had by no means heard of it.
Simply over 17% of voters report having invested in bitcoin, which is sort of as many as those that report proudly owning bonds and excess of those that say they personal exchange-traded funds (ETFs).
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Seven in 10 respondents say they’ve invested, and almost one in 5 (19%) say they maintain cryptocurrency. That proportion is larger amongst males (23%), black and Hispanic voters (26%; 32%), and youthful voters (Gen Z 31%).
Most individuals say that inflation has elevated their curiosity in cryptocurrency. Moreover, 40% of traders stated their future portfolios will embrace crypto.
In response to the survey, Gen Z and Millennials usually tend to spend money on cryptocurrency than in conventional belongings reminiscent of shares and bonds. Amongst them, 31% of Gen Z and 35% of Millennials have invested in cryptocurrency.
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