30s Summary
A survey conducted by Grayscale and The Harris Poll shows over half of US voters favor pro-crypto candidates. Around 40% of respondents said a candidate’s regard for cryptocurrencies was more significant than in previous elections. The study indicates voters are increasingly concerned about inflation, making cryptocurrencies attractive as safety nets. Additionally, the support for crypto was found to be nonpartisan. Grayscale, the world’s largest crypto fund manager, has over $20 billion in assets as of October.
Full Article
Guess what – over half of US voters are more likely to support a candidate who’s pro-crypto. This particular nugget comes straight from Craig Salm, the top legal guy at Grayscale, who shared it back on October 16.
So, how’d he find out? Well, Grayscale linked up with The Harris Poll, an outfit that digs into what people are thinking, to ask US voters about their thoughts on cryptocurrency. Craig spilled the beans during a chat with Janet Alvarez on Serious XM Business Radio.
They found out that two in five Americans are now more clued in about a candidate’s take on Bitcoin and other crypto things than they were in past elections – so, it’s getting more important for them. “Without a doubt, this poll shows that yep, Americans do care if a candidate is into crypto or not,” he said.
Speaking of the upcoming US presidential election, we’ve got Donald Trump, the Republican nominee, who’s been keen on making America “the crypto capital of the world,” versus Kamala Harris, the Democrat, who’s been a bit hush-hush on the whole thing.
According to Galaxy Research, while Harris is cooler with cryptocurrency than her boss, Joe Biden, she’s not as gun-ho as Trump. They shared this little insight on October 14.
Betting marketplace Kalshi, on October 17, put Trump’s chances of winning the election at 57%, compared to 43% for Harris. Bettors over at Polymarket, a prediction market on the Polygon network, think Trump’s got even better odds – 61%, – compared to Harris’s – less than 38%.
Craig also shared that 30% of the people they asked said inflation is the biggest issue in America at the moment. That’s where Bitcoin and other cryptos come into the picture, since they can act as a safety net against inflation. “Given these cryptos’ potential as a hedge against inflation and a store of value, it’s no surprise that Americans are paying more attention to where their candidates stand on cryptos,” he said.
Starting September, Harris was seen upping her crypto game. She mentioned blockchain technology as one of the emerging areas where she’d like the US to stay on top.
“We found out that crypto isn’t just a one-party thing. People often say it’s got bipartisan support, but we think it’s nonpartisan,” Craig said.
In case you’re wondering, Grayscale is the biggest crypto fund manager worldwide, overseeing more than $20 billion in assets as of October.
Source: Cointelegraph