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 source of the Bitcoin ETF, the poll reveals that one in three American voters would consider a candidate's political position on cryptocurrencies before deciding how to vote.
Increasing voter interest in cryptocurrencies:
The survey included responses from more than 1,700 likely American voters.
The survey result revealed that 77% believe that US presidential candidates should at least have an informed perspective on cryptocurrencies.
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.
In addition, 47% of respondents expect to include cryptocurrencies in their investment portfolios, up from 40% the previous year.
Inflation remains the most important issue for voters (28% of voters), 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 of the Bitcoin mining reward in April 2024 have increased voter interest in investing in Bitcoin and other cryptocurrencies, with 18% and 20% of voters, respectively, indicating increased interest. In encrypted digital currencies.
Notably, 9% of retired voters reported greater interest in investing in Bitcoin or crypto assets after a Bitcoin ETF was approved.
Grayscale highlighted Bitcoin's strong performance in 2024, with the currency's price reaching a new all-time high on March 13.
This has sparked speculation that the upcoming election could be called the “Bitcoin election.”
The poll 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.
Presidential candidate Trump recently took a pro-cryptocurrency 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.
