SUMMARY In a recent blog post, Grayscale highlighted the relevance of crypto to Americans, particularly in light of voter concerns about financial stability and inflation. According to a survey by The Harris Poll for Grayscale Investments, 73 percent of voters believe that U.S. presidential candidates should be well-informed about innovative technologies, including crypto.
The survey, conducted online in late November among 1,759 adults planning to vote in the 2024 presidential election, identified inflation as the top concern for respondents. This aligns with the perception that crypto, especially bitcoin, is associated with traditional concerns about monetary debasement.
The blog post noted that Grayscale, along with other asset firms, is actively pursuing the establishment of the country’s first spot bitcoin exchange-traded fund. The survey also revealed that 40 percent of investors plan to include crypto in their future portfolios. Younger voters, such as Gen Z and Millennials, own more crypto than equities and express a majority belief that “crypto and blockchain technology are the future of finance.”
Despite this positive sentiment, 46 percent of surveyed voters are awaiting “additional policies” before entering the crypto market. In Washington, lawmakers are currently developing a federal framework for industry regulation, including proposed bills for stablecoins and a broader market structure. Simultaneously, regulatory bodies are taking enforcement actions against alleged bad actors in the crypto space.
The increasing integration of crypto into the political landscape was evident, with mentions of crypto-related topics in the campaigns of Republican presidential hopeful Vivek Ramaswamy and long-time pro-bitcoin advocate Robert F. Kennedy Jr. A recent Republican presidential debate also featured discussions about FTX CEO Sam Bankman-Fried and central bank digital currencies.
