A new survey highlights a major shift in American voters’ priorities, showing 73% of participants believe U.S. presidential candidates must have a well-informed perspective on innovative technologies, such as artificial intelligence (AI) and cryptocurrencies.
What Happened: Grayscale Investments' latest national survey “2024 Election: The Role of Crypto,” states that almost 26% of respondents consider inflation as an urgent issue and thus are attracted to digital assets as investment options.
Also Read: US Crypto Regulations Will Likely Fall In Place After 2024 Election: Paradigm Policy Director
Around 40% of those well-versed with cryptocurrency voiced higher interest in Bitcoin BTC/USD and the same percentage of people who are unaware of digital currencies.
The poll, which involved 2,090 adults, also highlights that one in five respondents (19%) say that they own crypto with around 31% of Gen Z in younger people and 5% of boomers.
More Gen Z and Millennials own crypto (31%; 35%) than equities (17%; 24%), and a majority of Gen Z and Millennial voters agree that "crypto and blockchain technology are the future of finance" (54%; 58%).
Why Does It Matter: Grayscale CEO Michael Sonnenshein said, “Crypto is here to stay, and the survey data clearly indicates that crypto has never been more relevant heading into an American presidential election.”
The recent “Stand With Crypto” campaign forum in New Hampshire, attended by three highly favored presidential candidates, stresses the high integration of technology and politics.
Democrats and Republicans both have indicated that crypto is very much a non-partisan topic. However, the viewpoints of both differ in terms of what crypto would help the American economy.
While Democrats believe that crypto can help create more inclusive access to the financial system (32%), Republicans see the creation of new job opportunities (24%) as what crypto could help address.
Bitcoin attracts Democrats mainly as an investment in the future of blockchain technology (68%), while Republicans take Bitcoin as a digital form of gold or hedge against inflation (39% versus 35% for Democrats).
In late August, in an exclusive interview on “The Raz Report” with Benzinga CEO Jason Raznick, Cathie Wood said that cryptocurrency, specifically Bitcoin “is an election year issue.”
Image: Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
