Global leader in crypto asset management, Shades of grey has unveiled a new report, highlighting a significant shift in US voters’ perceptions and sentiments towards cryptocurrencies following the approval of Spot Bitcoin ETFs. The report also provides insight into whether Americans see Bitcoin as a possible hedge against rising inflation in the United States.
US voters see Bitcoin in their future investment plans
According to the latest Harris Poll longitudinal survey created on behalf of Grayscale, a significant portion of US voters are now more informed and engaged with cryptocurrencies following the Spot Bitcoin ETF approval by the United States Securities and Exchange Commission (SEC) on January 10.
THE report was published on May 28 in an article is focused on adults aged 18 and over. , who plan to vote in the next US presidential elections scheduled for Tuesday, November 5, 2024.
Grayscale report highlights US voters’ ‘feelings’ towards digital currencieshighlighting that two out of three Bitcoin owner voters view the pioneering cryptocurrency as an investment in the future of blockchain technology.
Creating a hierarchical system to gauge voters’ perceptions of Bitcoin in their future portfolios, the Harris Poll found that more than 65% of U.S. voters view Bitcoin as a future investment in blockchain technology. On the other hand, 53% consider Bitcoin to be a digital payment method or a digital currency.
Additionally, 43% of US voters view the pioneering cryptocurrency as a speculative investment, while 36% view Bitcoin as a form of investment. digital gold or one protect against inflation. The remaining 9% of voters surveyed were unable to provide a clear understanding of Bitcoin.
Inflation Crisis Boosts US Voter Sentiment Towards Crypto
The Grayscale report also disclosed that a significant number of American voters are turning to Bitcoin as a potential solution to 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, Black Americans and Hispanics. Among them, 47% have announced their intention to do so eventually. integrate cryptocurrencies into their future portfolio. 44% indicated they were waiting for additional policies and regulatory frameworks before investing in cryptocurrencies.
Additionally, 42% noted that they closely monitor Bitcoin and other crypto assets given geopolitical tensions, inflation and the depreciation of the US dollar. Finally, 39% revealed that they are holding off on crypto investments until the economy shows signs of improvement.
According to the Grayscale report, 21% of respondents express interest in Bitcoin amid inflationary pressures. Conversely, 44% are still not interested, while less than 33% are significantly less interested in owning Bitcoin as a hedge against inflation.
Featured image created with Dall.E, chart from Tradingview.com
