US Voters Show Rising Bitcoin Interest as GOP Champions Crypto Ahead of 2024 Election
July 9, 2024A recent survey by Grayscale shows 47% of US voters are considering adding cryptocurrencies to their portfolios, up from 40% last year.
Geopolitical tensions, inflation, and risks to the US dollar are key factors driving this increased interest in cryptocurrencies.
As the 2024 presidential election approaches, the Republican Party is aligning with pro-crypto candidates and supporting cryptocurrency innovation.
The Republican National Committee (RNC) passed a draft policy platform with an 84-14 vote, advocating for cryptocurrencies and Bitcoin mining, and opposing the creation of a central bank digital currency (CBDC).
The platform also aims to repeal President Biden's executive order on AI, promoting AI development rooted in free speech and human flourishing.
Prominent industry figures like Jesse Powell and the Winklevoss twins publicly support Trump, who has shifted his campaign to accept crypto contributions.
Filing of Solana ETFs by VanEck and 21Shares is seen as a potential bet on a Trump presidency bringing crypto-friendly changes to the SEC.
Despite recent Bitcoin price volatility, it remains a top consideration for voters ahead of the election, with hopes of positive regulatory changes under a new administration.
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