As the US Presidential elections approach, cryptocurrencies play an important role in the election process. While presidential candidate Donald Trump makes positive statements about Bitcoin and crypto, Joe Biden continues his opposing statements.
At this point, cryptocurrencies play a role that can affect the US election results, while a recent survey conducted by The Harris Poll for Grayscale shows that interest in cryptocurrencies is increasing among US voters.
According to Coindesk, one-third of those surveyed stated that they would consider the candidate's stance on cryptocurrencies when voting.
While almost the majority of respondents (2% said they had not heard of BTC) stated that they know what Bitcoin is, they think that cryptocurrencies will shape people's future.
Additionally, 77% of respondents said a US presidential candidate should at least have an “informed perspective” on crypto.
The survey found that 46% of voters are waiting for additional policies from the government before investing in crypto, while half of young voters with higher rates of crypto investments than stocks said they looked at candidates' crypto stances before voting.
While the majority of voters said they had heard of Ethereum (ETH), less than half (46%) said they had never heard of ETH.
While ETH is less popular compared to Bitcoin, around 17% of respondents said they invested in BTC.
Post-FTX, while the percentage of Americans invested in crypto did not increase, 40% of respondents stated that they agreed that cryptocurrencies will be a part of the future and their future portfolio will include cryptocurrencies.
Trump, who was previously known for his negative statements about Bitcoin and cryptocurrencies, has recently come to the fore with his positive statements about cryptocurrencies. Many surveys estimate that cryptocurrency investors will play an important role in the election results.
This issue is interpreted as a sign that positive statements may come from Biden and the Democrats regarding cryptocurrencies in the future. We will be following how positive statements about the sector coming from candidates seeking the votes of cryptocurrency investors will affect the markets.
*This is not investment advice.
