Grayscale Poll Shows 47% Of US Voters Want Crypto In Their Wallets

Geopolitical tensions and inflation have caused a growing number of American voters to turn to Bitcoin, according to a recent Harris Poll survey of likely American voters.

Funded by Bitcoin ETF issuer Grayscale, the survey reveals that one in three American voters will consider a political candidate’s position on cryptocurrencies before deciding how to vote.

Increased voter interest in crypto

The survey included responses from more than 1,700 likely US voters. It revealed that 77% believe US presidential candidates should have at least an “informed perspective” on cryptocurrencies.

NEW POLL: With the US election on the horizon, US voter sentiment #crypto they are coming into focus. These are some of the findings of @HarrisPolllast longitudinal survey on behalf of @grayscale. 1/5

Read the full report: https://t.co/d3mMEASVh9 pic.twitter.com/YrAf0LCBs2

— Grayscale (@grayscale) May 28, 2024

The survey found that 41% of likely voters are paying more attention to Bitcoin and other crypto assets due to geopolitical tensions, inflation and a weaker US dollar, up from 34% in November 2023 .

Additionally, 47% of respondents expect to include cryptocurrency in their investment portfolios, compared to 40% last year. Inflation remains the top issue for voters (28%), increasing the appeal of assets like Bitcoin, which has a transparent and limited supply.

Events such as the January 2024 U.S.-localized Bitcoin ETF approval and April 2024 halving have boosted voter interest in investing in BTC and other crypto assets, up 18% and 20% of voters, respectively, indicating an increase in interest.

Notably, 9% of retired voters reported increased interest in investing in Bitcoin or crypto assets after the ETF was approved.

Voters demand clear regulation of crypto

Grayscale highlighted BTC’s strong performance in 2024, with its price hitting a new all-time high on March 13. This led to speculation that the upcoming election could be called “the Bitcoin election.” The focus is not just limited to BTC; it extends to a wider range of crypto assets. Almost a third of voters (32%) said they were more open to learning about or investing in crypto since the beginning of the year.

The survey also revealed that voters increasingly view crypto as a good long-term investment opportunity, with 23% endorsing this view compared to 19% in November 2023. Clearer regulation could further increasing the appeal of crypto among voters. The survey found that 52% of voters would be more likely to invest in crypto with clearer policies, up from 48% in November 2023.

A significant majority (79%) agreed that political leaders should work to create frameworks and rules that enable financial inclusion and investor protection.

Presidential candidate Donald Trump has recently taken a pro-crypto stance. Reports indicate that he asked David Bailey, CEO of Bitcoin Magazine and crypto aide to the Trump campaign, whether Bitcoin could be leveraged to solve the US national debt problem.

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