Grayscale Survey Shows 47% of US Voters Want Crypto in Their Portfolio

Geopolitical tensions and inflation have prompted a growing number of American voters to turn to Bitcoin, according to a recent Harris Poll poll of likely American voters.

Funded by Grayscale, the issuer of Bitcoin ETF, the poll reveals that one in three US voters would consider a candidate's political stance on cryptocurrencies before deciding how to vote.

Increasing voter interest in cryptocurrencies

The survey included responses from more than 1,700 potential American voters. It revealed that 77% believe that US presidential candidates should have at least an “enlightened perspective” on cryptocurrencies.

New poll: As the US elections approach, American voters' feelings are increasing #encryption It became the focus. Here are some results from @harrispoolLatest longitudinal survey on behalf of @greyscale. 1/5

Read the full report: https://t.co/d3mMEASVh9 pic.twitter.com/YrAf0LCBs2

– Grayscale (@grayscale) May 28, 2024

The poll found that 41% of likely voters are paying more attention to Bitcoin and other crypto assets due to geopolitical tensions, inflation and a weak US dollar, up from 34% in November 2023.

Furthermore, 47% of respondents expect to include cryptocurrencies in their portfolios, up from 40% the previous year. Inflation remains the most important issue for voters (28%), which increases the attractiveness of assets such as Bitcoin, which have a transparent and limited supply.

Events such as the immediate approval of a Bitcoin ETF in the US in January 2024 and the halving in April 2024 have increased voter interest in investing in Bitcoin and other crypto assets, with 18% and 20% of voters, respectively, indicating increased interest.

Notably, 9% of retired voters reported greater interest in investing in Bitcoin or crypto assets following ETF approval.

Voters are demanding clear regulation of cryptocurrencies

Grayscale highlighted BTC's strong performance in 2024, with its price hitting a new all-time high on March 13. This has sparked speculation that the upcoming election could be called the “Bitcoin election.” Interest is not limited to Bitcoin alone; It extends to a wider range of crypto assets. Nearly a third of voters (32%) reported that they are more open to learning about or investing in cryptocurrencies since the beginning of the year.

The survey also revealed that voters increasingly view cryptocurrencies as a good long-term investment opportunity, with 23% supporting this view compared to 19% in November 2023. Clearer regulations could boost the appeal of cryptocurrencies among voters. The poll found that 52% of voters would be more likely to invest in cryptocurrencies with clearer policies, up from 48% in November 2023.

A large majority (79%) agreed that political leaders must work to create frameworks and rules that enable financial inclusion and protect investors.

Presidential candidate Donald Trump recently took a pro-crypto stance. Reports indicate that he asked David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide for the Trump campaign, whether Bitcoin could be leveraged to solve the US national debt problem.