May 19, 2024

Crypto Emerges as Key Determinant in US 2024 Election, Report

A recent survey commissioned by Grayscale Investments highlights a significant shift in the priorities of American voters. The study, conducted by The Harris Poll, reveals that 73% of the participants believe U.S. presidential candidates must have a well-informed perspective on innovative technologies, such as artificial intelligence and cryptocurrency.

Cryptocurrency and Economic Concerns

The survey, which involved 2,090 adults, not only reflects the growing interest in technology but also underscores the relevance of cryptocurrency in the 2024 elections. Amid concerns about inflation, which 26% of respondents identified as a pressing issue, there’s a growing inclination towards digital assets. 

Approximately 40% of those familiar with cryptocurrency expressed increased interest in Bitcoin, especially given the current economic scenario. Conversely, a similar percentage of participants unfamiliar with digital currencies showed less interest, pointing to a need for broader education on these technologies.

Political Landscape and Tech Outlook

The political landscape is evolving with these changing voter priorities. While digital assets have become a central theme in some candidates’ campaigns, like Republican Vivek Ramaswamy, the focus may shift as the 2024 Presidential Election approaches. 

Current polls suggest a potential contest between Democratic frontrunner and U.S. President Joe Biden and Republican frontrunner, former President Donald Trump, whose candidacy faces legal challenges.

Increased Interest in Bitcoin

Grayscale’s analysis indicates that economic factors like inflation have historically spurred interest in alternative investment options like Bitcoin. The company suggests a significant correlation between being informed about Bitcoin and viewing it as a viable macro asset. This trend highlights the need for greater public education on emerging technologies to foster wider adoption.

As the 2024 U.S. presidential election draws near, with New Hampshire’s primaries in January offering an early glimpse into the race, the role of technology in politics becomes increasingly apparent. The recent “Stand With Crypto” campaign forum in New Hampshire, attended by three presidential candidates, all considered longshots, further emphasizes the growing intersection of technology and politics.

Read Also: Ripple Policy Head Sees Tokenization Fueling Regulatory Boost in APAC

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