Survey Reveals 47% of US Voters Interested in Adding Cryptocurrency to their Investment Portfolio
Geopolitical Tensions and Inflation Driving American Voters Towards Bitcoin
An increasing number of American voters are turning to Bitcoin due to geopolitical tensions and inflation, as revealed by a recent survey conducted by Harris Poll among likely U.S. voters.
Funded by Grayscale, a Bitcoin ETF issuer, the survey shows that one in three U.S. voters will consider a candidate’s stance on cryptocurrencies before making their decision at the polls.
Growing Interest in Crypto Among Voters
The survey collected responses from over 1,700 likely voters, with 77% believing that U.S. presidential candidates should have an informed perspective on cryptocurrencies.
According to the survey, 41% of likely voters are paying closer attention to Bitcoin and other crypto assets due to geopolitical tensions, inflation, and a weakening U.S. dollar, showing an increase from 34% in November 2023.
Additionally, 47% of respondents plan to include crypto in their investment portfolios, up from 40% in the previous year. Inflation remains a top concern for voters (28%), contributing to the appeal of assets like Bitcoin, which have a transparent and limited supply.
Recent events such as the approval of the U.S. spot Bitcoin ETF in January 2024 and the halving in April 2024 have further heightened voter interest in investing in BTC and other crypto assets, with 18% and 20% of voters expressing increased interest, respectively.
Interestingly, 9% of retiree voters reported a greater interest in investing in Bitcoin or crypto assets following the ETF approval.
Voters Advocate for Clear Crypto Regulations
Grayscale pointed out Bitcoin’s strong performance in 2024, reaching a new all-time high on March 13. This has led to discussions that the upcoming election might be referred to as “the Bitcoin Election,” with voter interest not limited to BTC alone but extending to a broader range of crypto assets.
About one-third of voters (32%) mentioned being more open to learning about or investing in crypto since the beginning of the year.
The survey also indicated a growing perception among voters that crypto presents a good long-term investment opportunity, with 23% expressing this view compared to 19% in November 2023. Clearer regulations could further enhance crypto’s appeal among voters, as 52% mentioned they would be more likely to invest with clearer policies, up from 48% in November 2023.
A majority of voters (79%) agreed that political leaders should focus on creating frameworks and rules that promote financial inclusion and protect investors.
Notably, presidential candidate Donald Trump has recently shown a positive stance towards crypto, with reports suggesting he consulted with a crypto expert on leveraging Bitcoin to address the U.S. national debt issue.
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