Crypto Awareness for US Presidential Candidates

Seventy-one percent of respondents claim to have invested, and nearly half of them (19 percent) claim to hold cryptocurrency

The forthcoming presidential elections in the United States in November will heavily revolve around cryptocurrency. A recent survey funded by cryptocurrency asset manager Grayscale provided valuable information about how American voters view cryptocurrencies in light of the impending elections and their political relevance.

On behalf of Grayscale, Harris Poll surveyed from November 27 to November 29, 2023. 1,759 adults (18 and older) who plan to cast ballots were polled. The poll revealed that voters’ perceptions about cryptocurrency are becoming increasingly clear.

The fact that former President Donald Trump has changed his position shows how important cryptocurrencies are in this election season. Although he was a vocal opponent of Bitcoin BTC $68,280

He currently supports Bitcoin and other cryptocurrency-related issues while serving as president.

In the meantime, there has been a notable policy change in favor of cryptocurrencies by the Biden administration. Robert F. Kennedy Jr. and other contenders have also supported cryptocurrencies.

73% of respondents to the survey think that presidential candidates ought to have a knowledgeable understanding of cutting-edge technology like artificial intelligence (AI) and cryptocurrencies.

Before casting a ballot, one in three American voters stated they would think about a political candidate’s stance on cryptocurrency.

98% of those respondents said they had heard of Bitcoin. Several participants also brought up Ether (ETH $3,893), with only 46% of those surveyed stating they were unaware of it.

More than 17% of voters say they have invested in Bitcoin, significantly higher than those who say they own exchange-traded funds (ETFs) and nearly as high as those who say they own bonds.

Almost one in five respondents (19%) say they own cryptocurrencies, and seven out of ten say they have invested. Men are more likely to vote (23%), as are those who identify as Black or Hispanic (26%; 32%) and younger voters (31% of Gen Z).

Most claim that their interest in cryptocurrencies has grown due to inflation. Furthermore, 40% of investors planned to include cryptocurrency in their portfolios.

According to the survey, millennials and Gen Z invest more in cryptocurrencies than traditional assets such as equities and bonds. Three-fifths (35%) of Millennials and 31% of Gen Z have made cryptocurrency investments.