Bitcoin (BTC) Price is a Key Crypto-Related Topic Discussed in the Survey Report, as Voters are Paying More Attention to It Due to Ongoing Geopolitical Tensions, Inflation and Risks to the US Dollar

A recent survey conducted by Grayscale has many interesting discoveries a crypto enthusiast loves to hear. The prominent one is its revelation about the growing interest in Bitcoin among US voters.

A recent survey conducted by Grayscale has revealed a growing interest in Bitcoin among US voters. The survey, conducted by Harris Poll for Grayscale from April 30 to May, 2024, found that nearly 47% of voters expect to include cryptocurrencies in their investment portfolios. This is a significant increase from the last survey, conducted in 2023, which found that only 40% of voters were interested in including cryptos.

The survey also found that voters are paying more attention to Bitcoin due to ongoing geopolitical tensions, inflation, and risks to the US dollar. Over 41% of voters are influenced by the said factors, according to the data presented in the report.

Interestingly, the price of BTC in 2024 is much higher than during previous election years. On July 6, 2024, the price stood at $56,568. In the 2016 election, Bitcoin was valued at just $729. A significant rise in the price occurred only in 2017. On the last day of 2017, the price touched $13,841. During the 2020 election, BTC was priced at $14,036. But, in less than two months, the price peaked at $61,164. This year has been a remarkable year for BTC. The price of crypto hit an all-time high in mid-March, crossing the mark of $73,000.

However, the price of BTC has shown some volatility recently. At the time of writing this, the price was nearly $56,568. For the last couple of days, the price has been constantly weakening. It has dropped nearly 7.1% over the past week. But, it has raised over 2.8% in the last 24 hours.

As the 2024 US Election nears, BTC is becoming more prominent in voters’ minds. The survey data clearly underscores this trend.

The above is the detailed content of Bitcoin (BTC) Price is a Key Crypto-Related Topic Discussed in the Survey Report, as Voters are Paying More Attention to It Due to Ongoing Geopolitical Tensions, Inflation and Risks to the US Dollar. For more information, please follow other related articles on the PHP Chinese website!