News View Non-AMP

2024 US Voters Bet Big on Bitcoin: What’s Fueling the Crypto Fever?

Published by
Vignesh S G

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. Let’s discuss a few key points revealed by the Phase 2 survey, held by Harris Poll for Grayscale from April 30 to May, 2024. 

Rising Interest in Bitcoin: Statistics Data

According to the survey, almost 47% of voters expect to include cryptocurrencies in their investment portfolios. Interestingly, when a similar survey was conducted last year (the Phase 1 survey), only 40% showed interest in including cryptos. This means that since the last survey, a significant shift in voters’ attitudes towards cryptos has occurred. 

Bitcoin’s price is also a key crypto-related topic discussed in the survey report. As per the survey, 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. A crucial observation of the report is that 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. 

Bitcoin Current Market Trend

Recently, the price of BTC has shown volatility. 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. 

Stay tuned to Coinpedia for more updates on this! 

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Bitcoin, Ethereum, XRP Prices Flat As White House Crypto Report Fails to Spark Rally

The prices of top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP showed little to…

July 31, 2025

Bitcoin Price Tumbles While Fed Rates Remain Flat—Opportunity or Red Flag?

Ever since the Fed's rates were slashed below 5% back in October 2024, they have…

July 31, 2025

Bitcoin (BTC) Price Falters as Fed and BoC Hold Interest Rates Steady

Bitcoin (BTC) price has gradually lost its initial July bullish momentum during the past three…

July 31, 2025

Solana Enters a Crucial Zone: Here’s When the SOL Price May Hit a New ATH Above $300

Solana (SOL) is navigating a pivotal market phase as it hovers near a critical resistance…

July 31, 2025

Fed Holds Interest Rates Steady, Citing Trump’s Tariffs Despite Push for Cuts

The Federal Reserve has decided to keep its key interest rate steady at around 4.25%-4.5%,…

July 31, 2025

This Altcoin is at the Foothill of a Massive Explosion—Will it Follow Bitcoin & Smash a New ATH in 2025?

Litecoin (LTC) price has shown renewed momentum in recent sessions, staging a steady upward move…

July 30, 2025