'Scared Of Biden Staying?' 33% Of Voters Will Consider Candidate's Crypto Stance In 2024, Survey Says
Portfolio Pulse from Murtuza Merchant
A survey funded by Grayscale reveals that one-third of U.S. voters will consider a political candidate's stance on cryptocurrencies in the 2024 elections. The survey highlights the growing importance of crypto in political campaigns and investment portfolios, with significant awareness and investment in Bitcoin and Ethereum. The introduction of Ether ETFs and the desire for more regulation are also noted.
May 28, 2024 | 4:44 pm
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POSITIVE IMPACT
Bitcoin awareness remains high with 98% of survey respondents familiar with it. 17% of voters have invested in Bitcoin, nearly on par with bonds and higher than ETFs.
The high awareness and investment in Bitcoin among voters indicate a positive sentiment towards the asset, which could drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
54% of survey respondents are aware of Ethereum, and the introduction of Ether ETFs could further boost investor interest, with 24% indicating they would be more inclined to invest.
The awareness of Ethereum and the potential introduction of Ether ETFs are likely to increase investor interest, positively impacting its price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Grayscale, the issuer of Bitcoin ETFs, funded the survey. The findings highlight the growing importance of crypto in political campaigns and investment portfolios.
As the issuer of Bitcoin ETFs, Grayscale stands to benefit from the increasing importance of crypto in political and investment spheres, potentially boosting its ETF products.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60