Crypto will influence the 2024 presidential elections

The United States general election in November 2024 will be heavily influenced by crypto and the division of opposition and opposition among policymakers. These are the findings of a recent Grayscale study on the role of crypto in elections.

Last month, Bitcoin, Ethereum and crypto in general were all mentioned for the first time in the US presidential primary debate, he reported.

The Role of Crypto in American Elections

The national survey titled “Election 2024: The Role of Crypto” was conducted by Harris Poll on behalf of Grayscale.

In the year It was conducted among 1,759 adults who plan to vote in the 2024 presidential election between November 27 and 29.

High inflation is a top voter concern, highlighting Bitcoin's importance as an inflation hedge. Twenty-six percent of respondents said high inflation is the most pressing problem in the U.S. right now.

Inflation and other economic problems have created interest in investing in assets like bitcoin, he said. From this, those in the know view Bitcoin as a macro asset.

Secondly, there could be more education to help a wider audience better understand crypto for greater mainstream adoption.

More significantly, 46% of voters are waiting for more crypto policies before investing, indicating a need for regulatory transparency.

Read More: Top 7 Platforms to Earn Bitcoin Signup Bonuses in 2024

Moreover, half of the young voters who own crypto are considering the position of candidates on digital assets, which will influence their voting decisions.

A fifth of respondents own crypto, especially millennials, with 40% believing crypto will be in their portfolio in the future.

According to the survey, Gen Z and Millennials own more crypto than stocks. Additionally, most of these voters agree that “crypto and blockchain technology are the future of finance.”

Campaign for pro-crypto candidates

Coinbase has been campaigning that more than 50 million Americans own crypto. They argue that this is a large voter base that needs to be addressed.

The company calls on the 15% of the population that owns crypto to stand up against dictatorial laws and policy makers.

Additionally, mistrust is growing among the rest of the banking industry in America. This week, Elizabeth Warren reportedly asked for help from the American Bankers Association (ABA) to draft the Digital Asset Anti-Money Laundering Act.

Financial lawyer Scott Johnson said

“If you're mad at Elizabeth Warren, don't spend your time and resources trying to get her Senate seat out.”

“This energy is worthless. Instead, focus on vulnerable seats that supported her crusade last year,” he added.