A recent survey conducted by Harris Poll, in collaboration with Bitcoin ETF issuer Grayscale, revealed that the popularity of cryptocurrency among American voters is on the rise. The study, which involved over 1,700 potential voters, highlighted the impact of inflation and geopolitical concerns on people’s interest in Bitcoin.
According to the survey, 41% of probable voters are now paying more attention to Bitcoin and other crypto assets due to factors like inflation, geopolitical tensions, and the weakening of the US currency. This is an increase from the 34% recorded in November 2023. Moreover, 47% of respondents expressed their intention to include cryptocurrency in their investment portfolios, a significant rise compared to the previous year.
Bitcoin’s appeal lies in its transparent nature and limited supply, which addresses the voters’ top concern of inflation. In fact, 28% of respondents cited inflation as their primary issue. Additionally, events like the halving in April 2024 and the approval of the US spot Bitcoin ETF in January 2024 have further fueled interest, with 18% of voters showing a greater inclination towards investing in crypto assets.
Interestingly, the approval of the ETF has also attracted the attention of retiree voters, with 9% expressing a newfound interest in crypto assets or Bitcoin. Grayscale’s emphasis on Bitcoin’s remarkable surge, culminating in a new all-time high price on March 13, has likely contributed to this increased interest.
Furthermore, it is not just Bitcoin that has garnered attention; a wider range of crypto assets has also piqued the curiosity of voters. Approximately one-third (32%) of respondents stated that they are now more open to learning about or investing in cryptocurrency compared to the beginning of the year.
In other crypto news, Milady Meme Coin has secured a substantial $5 million investment from DWF Labs, marking another significant development in the crypto market.
Overall, the survey findings indicate a growing recognition of cryptocurrency’s potential as an investment option among American voters, with inflation and geopolitical concerns serving as key drivers of this trend.