Crypto giant Grayscale predicts that millennials and Gen Z will likely choose who wins the “Bitcoin Election” in 2024

Grayscale, a major cryptocurrency investor, claims that two groups of younger voters will be decisive in the future presidential election of 2024.

The crypto asset management writes in a recent article that Bitcoin (BTC) is at its highest level ever seen during an election season for the United States presidency.

Grayscale predicts that as millennials and Generation Z voters grow more financially savvy, they will choose who wins the “Bitcoin election.”

This essay was created to record our team’s first ideas on the possible impact of these tendencies on the 2024 U.S. presidential election.

For starters, Bitcoin is presently trading at $29,000, which is much higher than its last election cycle high in Q4 2020 ($20,000).

Second, and perhaps more importantly, the group that has become more distrustful of institutions while also worrying about their financial future may be the most crucial group of voters in the run-up to the 2024 election.

Early studies note that Millennials and Gen Z will form 44% of American voters by 2024, making up the biggest percentage of voters in the history of the presidential election.

Grayscale predicts that the crypto monarch will gain clout in politics as high-profile figures like Donald Trump, Ron DeSantis, Joe Biden, and Robert Kennedy Jr. express their opinions on Bitcoin and the larger digital asset business.

As the Bitcoin ecosystem develops and the data pile up, it seems that cryptocurrency will play an increasingly important role in future U.S. elections. In reality, prospective candidates for political office are beginning to articulate their views on Bitcoin and cryptocurrency in general.

Presidential candidates’ positions on Bitcoin and other cryptocurrencies matter because the president appoints the leaders of more than 50 independent federal commissions that have jurisdiction over Bitcoin and other cryptocurrencies.

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