As the United States prepares for the 2024 presidential elections, cryptocurrency has emerged as a significant topic of interest among voters. A recent survey conducted by Harris Poll on behalf of Grayscale sheds light on the growing prominence of crypto in the minds of American voters.

The online survey, which took place between April 30th and May 2nd, involved 1,768 adults and revealed that Bitcoin's significance has increased due to macro developments and its evolution as an asset. According to the published results, 32% of voters now express a greater openness to learning about crypto investing or actually investing in crypto since the beginning of the year.

The survey also highlighted an upward trend, indicating that more voters see crypto as a favorable long-term investment (23% compared to 19% in November). Additionally, there has been a rise in the number of voters considering incorporating crypto into their investment portfolios, with 40% expressing this intention compared to 47% in November 2023.

These trends have translated into surging Bitcoin prices, surpassing previous election periods, as shown in the accompanying graph. The recent approval of a Bitcoin ETF has also had a notable impact, generating increased interest in investing in Bitcoin or other crypto assets among 9% of retiree voters.

While former President Donald Trump has openly embraced crypto, even accepting crypto donations for his presidential campaign, President Joe Biden's stance on cryptocurrency has been less vocal. However, some instances suggest that Biden has also shown acceptance of crypto, particularly through his support for bills like FIT21 and SAB 121.

Interestingly, Grayscale's report reveals that crypto is a bipartisan issue, with similar ownership rates among Republicans (18%) and Democrats (19%). The survey found that voters are split on which party is more favorable towards the industry, with 30% of respondents believing both the Democratic and Republican parties have the most favorable positions on crypto policies.

These findings highlight that support for crypto is not heavily skewed towards one political party, indicating a balanced interest across the political spectrum. As crypto continues to gain traction, particularly among young voters, the approach of the next government towards cryptocurrency will play a pivotal role in shaping the industry's future.

As election day approaches, it is clear that cryptocurrency has become a significant consideration for voters when choosing their future leaders. The results of this survey underscore the growing importance of crypto in the political discourse and suggest that its influence will only continue to expand in the years to come.