New data from crypto asset management firm Grayscale shows US voters are increasingly focused on crypto as the 2024 presidential election approaches.
In a new blog post, Grayscale says this election cycle could revolve in part around Bitcoin (BTC) and crypto, as voters become increasingly interested in investing in digital assets.
To reach this conclusion, the crypto company conducted a survey between April 30 and May 2 of this year among 1,768 adults (aged 18 and older) who plan to vote in the 2024 presidential election.
“2024 has been a banner year for Bitcoin so far. Bitcoin’s price reached an all-time high on March 13, 2024; Furthermore, the price of Bitcoin has been higher every day so far in 2024 than it has ever been in previous election years. The speculation and headlines have begun: could November be ‘the Bitcoin election’?
This growing attention to crypto is not just limited to Bitcoin. Instead, it extends to a broader view of crypto assets, both in terms of public interest and willingness to invest. Nearly a third of voters (32%) say they have become more open to learning more about investing in crypto or actually investing in crypto since the start of the year.
Compared to November 2023, voters are also more likely to see crypto as a good long-term investment opportunity (23% vs. 19%) and increasingly expect part of their investment portfolio to include crypto (47% vs. 40%).”
Grayscale finds that voters are divided over which political party has the best policies on crypto assets, showing that support for crypto is not just leaning one way.
“Although Trump embraced crypto more during his campaign, data shows that crypto is a bipartisan issue, with similar ownership rates among Republicans (18%) and Democrats (19%).
Voters are divided on which party is more favorable to the sector, as an equal percentage of voters (30% each) think that both the Democratic and Republican parties have the most favorable position on crypto policy.
These findings show that support for crypto is not overwhelmingly biased towards one party and suggest a balanced interest across the political spectrum.”
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Generated image: Midjourney