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Crypto Emerges as Key Determinant in US 2024 Election, Report Finds

As 2024 elections approach, 73% of US voters demand candidates with crypto savvy, amid rising economic concerns.
Crypto Emerges as Key Determinant in US 2024 Election, Report Finds

A recent survey commissioned by Grayscale Investments highlights a significant shift in the priorities of American voters. The study, conducted by The Harris Poll, reveals that 73% of the participants believe U.S. presidential candidates must have a well-informed perspective on innovative technologies, such as artificial intelligence and cryptocurrency.

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Cryptocurrency and Economic Concerns

The survey, which involved 2,090 adults, not only reflects the growing interest in technology but also underscores the relevance of cryptocurrency in the 2024 elections. Amid concerns about inflation, which 26% of respondents identified as a pressing issue, there’s a growing inclination towards digital assets. 

Approximately 40% of those familiar with cryptocurrency expressed increased interest in Bitcoin, especially given the current economic scenario. Conversely, a similar percentage of participants unfamiliar with digital currencies showed less interest, pointing to a need for broader education on these technologies.

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Political Landscape and Tech Outlook

The political landscape is evolving with these changing voter priorities. While digital assets have become a central theme in some candidates’ campaigns, like Republican Vivek Ramaswamy, the focus may shift as the 2024 Presidential Election approaches. 

Current polls suggest a potential contest between Democratic frontrunner and U.S. President Joe Biden and Republican frontrunner, former President Donald Trump, whose candidacy faces legal challenges.

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Increased Interest in Bitcoin

Grayscale’s analysis indicates that economic factors like inflation have historically spurred interest in alternative investment options like Bitcoin. The company suggests a significant correlation between being informed about Bitcoin and viewing it as a viable macro asset. This trend highlights the need for greater public education on emerging technologies to foster wider adoption.

As the 2024 U.S. presidential election draws near, with New Hampshire’s primaries in January offering an early glimpse into the race, the role of technology in politics becomes increasingly apparent. The recent “Stand With Crypto” campaign forum in New Hampshire, attended by three presidential candidates, all considered longshots, further emphasizes the growing intersection of technology and politics.

Read Also: Ripple Policy Head Sees Tokenization Fueling Regulatory Boost in APAC

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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