Grayscale Investments conducted a study led by Harris Poll, which found that 71% of likely voters in the United States support political leaders embracing cryptocurrencies and artificial intelligence.
A September study explored how cryptocurrencies, artificial intelligence, investments, and other factors could shape voters’ voting considerations in the 2024 U.S. election.
How American Voters Feel About Cryptocurrencies
With the U.S. election just a month away, 56% of “potential voters” support a candidate who is knowledgeable about cryptocurrencies, up 3% since May and up 8% since December. Voters see emerging technologies like cryptocurrencies and artificial intelligence as essential to building their future financial success.
In particular, two in five voters (40%) consider candidates’ positions on Bitcoin and other crypto assets when making their decisions, a notable shift in sentiment compared to 34% of voters who expressed the same interest in December 2023.
Read more: Cryptocurrency Regulation: What Are the Pros and Cons?
The study also found that more Americans will own cryptocurrencies in the future, especially among older adults. This shift is due to spot Bitcoin ETFs that provide institutional investors with access to BTC.
“Nearly a third (30%) of voters said the approval of a Bitcoin ETF made them more interested in investing in Bitcoin or other crypto assets. Additionally, nearly half (46%) of voters said they expect to include cryptocurrencies in their investment portfolios in the future, a number that has increased significantly since 2023 (40%),” the study said .
Another interesting finding from the study is that cryptocurrencies are becoming an increasingly bipartisan issue in the U.S. Specifically, support is split almost evenly between Republicans and Democrats, despite the increasingly diverse demographics of cryptocurrency investors.
- 63% of Hispanic voters and 68% of black voters are interested in investing in Bitcoin, compared to 35% of white voters.
- Nearly a third of Hispanic (30%) and black (31%) voters now own Bitcoin, compared to just 13% of white voters.
These findings echo recent ConsenSys research, which found that more than half of U.S. voters support crypto-friendly policies . The survey found that 85% of cryptocurrency owners see crypto as a major voting issue, and 92% are likely to vote.
The Republican Party tends to be perceived as being more crypto-friendly, as Donald Trump continues to promote digital assets. Recently, Trump bought a burger with Bitcoin and launched a DeFi venture . He also promised to fire Gary Gensler, a prominent critic of the crypto industry, if elected .
Read more: How Can Blockchain Be Used for Voting in 2024?
Meanwhile, Democrats are gaining more support from voters across the board, and there’s growing favorability toward cryptocurrencies. The party’s nominee, Kamala Harris, has started accepting cryptocurrency donations and has pledged to expand the use of cryptocurrencies and artificial intelligence .
The report highlights the growing importance of cryptocurrencies in American politics. According to Polymarket data, Kamala Harris currently leads Donald Trump 50% to 49%, with 34 days left until the election.
