US Voters Show Rising Bitcoin Interest as GOP Champions Crypto Ahead of 2024 Election

July 9, 2024
US Voters Show Rising Bitcoin Interest as GOP Champions Crypto Ahead of 2024 Election
  • A 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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