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Latest cryptocurrency news > Cryptocurrency > U.S. Presidential Election and Cryptocurrency: A Surprising Intersection
Cryptocurrency

U.S. Presidential Election and Cryptocurrency: A Surprising Intersection

BH NEWS
Last updated: 20 December 2023 23:30
BH NEWS 2 years ago
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Recent surveys reveal significant interest in the role of cryptocurrency in the upcoming 2024 U.S. Presidential Election. Approximately 73% of respondents believe that presidential candidates should be knowledgeable about innovative technologies such as artificial intelligence and cryptocurrency, according to a poll conducted by The Harris Poll on behalf of Grayscale Investments.

The survey, which included 2,090 adults, was conducted online between November 27 and November 29. It highlighted that a majority of Americans think it’s essential for a U.S. presidential candidate to have an informed perspective on innovative technologies.

Grayscale’s survey indicates that cryptocurrency is a concern for Americans in the 2024 elections, with 26% of participants stating that inflation is currently the most urgent issue in the country. Around 40% of those familiar with cryptocurrencies expressed a greater interest in owning Bitcoin amid inflation and the current economy, while a similar percentage of those unfamiliar with cryptocurrencies showed less interest.

Grayscale commented on the survey findings, noting that past economic concerns like inflation have spurred interest in investments in assets like Bitcoin. They suggested that those familiar with Bitcoin view it as a macro asset and that further education might be needed to help a broader audience understand emerging technologies like Bitcoin.

As the excitement for the U.S. elections continues, New Hampshire is set to conduct one of the first primaries in January for the 2024 presidential race. While some candidates, including Republican Vivek Ramaswamy, have made crypto assets a central part of their campaigns, the topic may not remain a main discussion point once candidates are finalized. The “Stand With Crypto” campaign hosted a presidential forum on December 4th, but only three candidates participated, all of whom continue to remain on the fringes of their party’s nomination.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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