Grayscale and Harris Poll Team Up to Study Crypto’s Role in the 2024 Election
Grayscale and Harris Poll have joined forces to conduct a survey on the role of cryptocurrency in the upcoming 2024 U.S. presidential election. This collaboration comes after Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies were mentioned in a primary debate for the first time in history.
Key Findings from the Survey
The survey revealed that 46% of likely voters are holding off on investing in cryptocurrency, waiting for additional policies and regulations before entering the digital asset space. On the other hand, 40% of respondents plan to incorporate crypto into their future investment portfolios, indicating a growing acceptance of this emerging financial frontier.
Impact of Policies and Regulations
Nearly half of the surveyed voters, 48%, stated that implementing more policies or regulations around cryptocurrency would make them more inclined to invest. Furthermore, Gen Z and Millennials displayed a strong interest in candidates’ understanding of crypto, with 59% expressing a likelihood of voting for a candidate knowledgeable about cryptocurrency matters.
Michael Novogratz’s Prediction
In line with previous reports, Galaxy Digital Holdings CEO Michael Novogratz predicted a delay in U.S. crypto regulation until after the 2024 elections. Given the significant interest in cryptocurrency regulation among likely voters, Novogratz’s prediction is likely to hold true.
Hot Take: Crypto’s Influence on the 2024 Election
Cryptocurrency is emerging as a prominent topic in the upcoming 2024 U.S. presidential election. The survey conducted by Grayscale and Harris Poll highlights both caution and enthusiasm among likely voters regarding crypto investments. With policies and regulations playing a crucial role in shaping voters’ decisions, candidates who demonstrate a strong understanding of cryptocurrency stand to gain support from the younger generations. As the election draws nearer, it remains to be seen how crypto’s role will continue to evolve and impact the political landscape.
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