Grayscale and Harris Poll unveil cryptocurrency’s role in 2024 election

According to a Dec. 21 post, Grayscale and Harris Poll have teamed up to get the read on the role of crypto in the 2024 election.

As stated in the report, for the first time in history, Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies were all mentioned in the American Presidential primary debate, resulting in the release of 2024 Election: The Role of Crypto a survey administered by Grayscale on behalf of The Harris Poll, an American market research and analytics company.

From this study, key findings included 46% of likely voters being said to hold off on cryptocurrency investments, waiting for additional policies and regulations before diving into the digital asset space. 

Simultaneously, data showed that 40% of respondents anticipate incorporating cryptocurrency into their future investment portfolios, signaling a growing acceptance of this emerging financial frontier. Equally noteworthy is that nearly half of the surveyed voters, 48%, expressed that implementing additional policies or regulations around cryptocurrency would make them more inclined to invest. The survey also unveils a generational trend, with Gen Z and Millennials displaying a keen interest in the candidates’ understanding of crypto. 

A substantial 59% from both demographics express a likelihood of voting for a candidate well-versed in cryptocurrency matters, and an additional 50% and 48%, respectively, consider a candidate’s stance on crypto a decisive factor in their vote for the 2024 U.S. presidential election. 

In alignment with an earlier report from Nov. 9, Galaxy Digital Holdings CEO Michael Novogratz expressed reservations about the progression of cryptocurrency regulations in the United States leading up to the anticipated 2024 presidential elections. 

In the third quarter earnings call for the company, Novogratz predicted a delay in U.S. crypto regulation until post-2024 elections. With many likely voters interested in cryptocurrency regulation, Novogratz’s prediction will likely check out.