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Grayscale and Harris Poll Reveal the Impact That Cryptocurrencies Will Play in the Election of 2024

Phillip Bryant

ByPhillip Bryant

Dec 24, 2023

In a recent post dated December 21st, it was reported that Grayscale and Harris Poll have established a collaborative partnership to assess the significance of cryptocurrency in the upcoming 2024 election.

According to the report, it is noteworthy that Bitcoin (BTC), Ethereum (ETH), and various other cryptocurrencies were referenced during the American Presidential primary debate, marking a significant milestone.

This development subsequently led to the issuance of a survey titled “2024 Election: The Role of Crypto,” conducted by Grayscale in collaboration with The Harris Poll, a prominent American market research and analytics firm.

According to the findings of this study, a significant proportion, precisely 46%, of individuals who are likely to vote have expressed a cautious approach towards investing in cryptocurrencies. These individuals have chosen to delay their involvement in the digital asset realm, citing the need for further policies and regulations to be established before they consider venturing into this domain.

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Concurrently, the data reveals that a significant % of respondents, precisely 40%, express a forward-looking inclination towards integrating cryptocurrency into their forthcoming investment portfolios. This discernible trend signifies a burgeoning acceptance and recognition of the potential inherent in this nascent financial domain.

Many People Are Waiting for Competent Regulation of Cryptocurrencies

It is worth highlighting that a significant proportion of the respondents, precisely 48%, conveyed their inclination towards investing in cryptocurrency if supplementary policies or regulations were introduced in this domain.

The survey findings also shed light on a discernible generational pattern, wherein individuals from the Gen Z and Millennial cohorts exhibit a notable inclination towards evaluating the candidates’ comprehension of cryptocurrency.

A significant proportion of 59% from both demographics indicates a propensity to vote for a candidate with a comprehensive understanding of cryptocurrency affairs. Furthermore, an additional 50% and 48% from the respective demographics regard a candidate’s position on cryptocurrency as a determining factor in their voting decision for the upcoming 2024 U.S. presidential election.

Will Cryptocurrencies Be Regulated Only After the Election?

By a previous report dated November 9th, the Chief Executive Officer of Galaxy Digital Holdings, Mr. Michael Novogratz, has conveyed his concerns regarding the trajectory of cryptocurrency regulations within the United States, particularly in the context of the forthcoming presidential elections 2024.

During the company’s third-quarter earnings call, Novogratz made a forecast regarding the potential postponement of cryptocurrency regulation in the United States, speculating that it may occur after the 2024 elections. Given the considerable interest among likely voters regarding cryptocurrency regulation, it is expected that Novogratz’s forecast will be accurate.

Phillip Bryant

Phillip Bryant

Phillip Bryant, an esteemed writer in the financial field, imparts his extensive knowledge of currency markets to the readers of Main Crypto News. With a wealth of experience in international finance and a keen sense of market trends, Bryant offers timely and perceptive analysis of foreign exchange, keeping readers well-informed.

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