The world's leading crypto asset management company, Grayscale has unveiled a new report that sheds light on a significant shift in American voters' perceptions and feelings toward cryptocurrencies following the approval of bitcoin Spot ETFs. The report also provides information on whether Americans see bitcoin as a possible hedge against growing inflation in the United States.
US Voters See bitcoin in Future Investment Plans
According to the latest Harris Poll longitudinal survey created on behalf of Grayscale, a significant portion of American voters are now more informed and engaged with cryptocurrencies following the approval of bitcoin Spot ETFs by the United States Securities and Exchange Commission (SEC) on January 10.
He x.com/grayscale/status/1795545634692624857?s=46″ rel=”nofollow” target=”_blank”>report was published on May 28 in a post by focused on adults 18 years of age or older. , who plan to vote in the next united states presidential elections scheduled for Tuesday, November 5, 2024.
Grayscale report highlights American voters' “feelings” toward digital currenciesemphasizing that two out of three voters, bitcoin owners see the pioneering cryptocurrency as an investment in the technology-and-crypto-influence/” rel=”nofollow noopener” target=”_blank”>future of blockchain technology.
By creating a hierarchical system to measure voters' perceptions of bitcoin in their future portfolios, the Harris poll revealed that more than 65% of American voters view bitcoin as a future investment in blockchain technology. On the other hand, 53% see bitcoin as a digital payment method or digital currency.
Furthermore, 43% of American voters consider the pioneering cryptocurrency to be a speculative investment, while another 36% see bitcoin as a form of bitcoin/bitcoin-isnt-digital-gold/” rel=”nofollow noopener” target=”_blank”>digital gold or a inflation hedge. The remaining 9% of voters surveyed were unable to provide a clear understanding of bitcoin.
Inflation Crisis Boosts crypto Sentiment of US Voters
The Grayscale report also x.com/grayscale/status/1795545695409369142?s=46″ rel=”nofollow” target=”_blank”>revealed that a substantial number of American voters are turning to bitcoin as a possible solution amid geopolitical pressures and rising inflation. The survey showed that more than two in five voters are waiting clearer regulations and policies before considering cryptocurrency investments.
The survey included adult men and women, Generation Z, millennials, African Americans and Hispanics. Among them, 47% revealed plans to eventually Incorporate Cryptocurrencies Into Your Future Portfolio. 44% indicated that they were waiting for additional policies and regulatory frameworks before investing in cryptocurrencies.
Additionally, 42% emphasized that they were closely monitoring bitcoin and other crypto assets in light of geopolitical tensions, inflation and the depreciation of the US dollar. Lastly, 39% revealed that they were holding off on cryptocurrency investments until the economy showed signs of improvement.
According to the Grayscale report, 21% of people surveyed express important Interest in bitcoin amid inflationary pressures. In contrast, 44% remain uninterested, while less than 33% are noticeably less interested in owning bitcoin as a hedge against inflation.
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