According to a new survey by Grayscale released on Tuesday, 44% of U.S. voters who currently do not own any cryptocurrency are holding off on purchasing until more regulatory policies are in place. This suggests that substantial new investment could enter the crypto market as the U.S. government clarifies its regulatory stance on digital assets.
Grayscale noted in its report that there have been notable shifts in both interest and perception regarding cryptocurrency ownership, which are becoming increasingly relevant topics as the 2024 U.S. presidential election approaches.
The poll found that 65% of respondents view holding Bitcoin as “an investment in the future of blockchain technology,” while 53% see it as “a way to pay for things digitally or a digital currency.” Additionally, 43% consider Bitcoin “a speculative investment,” and 36% regard it as “a digital form of gold or a hedge against inflation.”
The survey, conducted by The Harris Poll from April 30 to May 2, included responses from 1,768 adults who plan to vote in the upcoming presidential election. The findings underscore the growing importance of digital assets in the political landscape, with 47% of respondents indicating they expect to include cryptocurrencies in their investment portfolios in the future, up from 40% in November.
Grayscale’s survey also highlighted that 41% of respondents are paying more attention to Bitcoin and other cryptocurrencies due to geopolitical tensions, inflation, and a weakening U.S. dollar, a notable increase from 34% six months earlier.