Originally published on: October 17, 2024
A recent survey conducted by Grayscale in collaboration with The Harris Poll has uncovered a fascinating trend among American voters. According to Craig Salm, Grayscale’s chief legal officer, over half of US voters are inclined to support a candidate who is pro-crypto rather than one who is not.
During an interview on Serious XM Business Radio with Janet Alvarez, Salm highlighted the growing importance of cryptocurrency in the political landscape. The survey revealed that 40% of Americans are now paying closer attention to a candidate’s stance on Bitcoin and other cryptocurrencies compared to previous elections.
“This poll clearly shows that Americans value a candidate’s perspective on crypto,” Salm noted.
As the November US presidential election approaches, the contrasting views on cryptocurrency between the candidates have become more pronounced. While President Trump aims to establish America as the “crypto capital of the world,” Vice President Kamala Harris has maintained a more reserved approach to the industry.
Galaxy Research reported that Harris, although more open to cryptocurrency than President Joe Biden, falls short of the pro-crypto stance taken by Trump. With the election betting marketplace indicating Trump’s favorable odds, the divide on crypto policies could play a significant role in the outcome of the election.
Salm emphasized that the survey also highlighted Americans’ concerns about inflation, positioning cryptocurrencies like Bitcoin as potential solutions. Given the role of Bitcoin and Ethereum as hedges against inflation and store of value assets, voters are increasingly interested in their candidates’ views on crypto.
In a shift towards embracing emerging technologies, Harris recently highlighted blockchain as a key sector where the US should maintain its dominance. Salm pointed out that crypto has transcended party lines, becoming a nonpartisan issue that garners bipartisan support.
With over $20 billion in assets under management, Grayscale remains a prominent player in the crypto investment space. As the political landscape continues to evolve, the intersection of cryptocurrency and policy-making will likely play a crucial role in shaping the future.
