Coinspeaker Voters Demand Crypto Savvy: 77% Expect Presidential Candidates to Understand Crypto
A recent survey conducted by Harris Poll sheds light on the increasing significance of crypto issues among US voters. The poll, backed by bitcoin ETF maker Grayscale, found that one in three US voters would consider a candidate’s views on crypto when choosing who to vote for.
Out of over 1,700 likely US voters surveyed, 77% emphasized the importance of presidential candidates having an “informed perspective” on crypto matters. Interestingly, the people asked were split down the middle about which political party leads in addressing digital asset issues. Zach Pandl, Grayscale’s head of research, highlighted the voter sentiment, stating:
“Likely American voters from across the political spectrum indicate a heightened interest in investing in crypto assets and in supporting candidates well-versed in the emerging technologies.”
Almost half (44%) of voters believe crypto and blockchain technology to be the future of finance – a 4% increase from prior surveys and an emerging feature in voting sentiment. Yet, there is a parallel call for regulation, with 52% of those who took part in the survey directly claiming that greater regulatory oversight would encourage them to invest in digital assets.
Crypto Awareness
The survey also illustrates a strong awareness of digital currencies among voters, with 98% of the respondents displaying an understanding of Bitcoin. Interestingly, 17% of voters have invested in BTC – an amount on par with those investing in bonds and comically far higher than these investors fancying ETFs.
Ethereum also garnered significant recognition, with 52% of voters being aware of it. The survey highlighted a substantial interest in potential Ethereum ETFs, with 24% of respondents indicating that the availability of such investment vehicles would increase their openness to crypto investing. This finding is consistent with wider market expectations that ETFs could expand access to digital assets to retail investors.
Compared to earlier polls, this survey indicates a heightened interest among voters regarding candidates’ positions on crypto-related policies. In contrast to a recent poll focusing on swing-state voters, which recorded a 21% interest level in candidates’ crypto views, the Harris Poll suggests a more pronounced consideration among the general voting population.
Mike Novogratz, CEO of Galaxy Digital, recently weighed in on the potential impact of the upcoming US presidential election on bitcoin’s trajectory. He implied that until there is a shift in Democratic perspectives on digital assets, regulatory uncertainties may persist, impacting market sentiments.
He highlighted the politicization of digital assets, noting that Bitcoin’s movement out of its current consolidation phase could hinge significantly on political dynamics.
As digital assets continue to integrate into traditional financial discussions, political candidates are expected to have a good knowledge of crypto-related concepts and policies to resonate with a digitally savvy electorate.
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Voters Demand Crypto Savvy: 77% Expect Presidential Candidates to Understand Crypto