Tech
Donald Trump Is Most ‘Crypto-Aware’ Candidate for Tech-Savvy Consumers: Elastos BIT Index
KEY POINTS
- Both globally and in the U.S., the majority of respondents said they think Trump is the most “crypto-aware.”
- Trump has also been deemed the most likely candidate to spread the use and benefits of using Bitcoin
- A surprising 80% see Bitcoin becoming a “default” currency in the future
As the presidential race has taken interesting turns in recent days, smartweb ecosystem provider and public blockchain project Elastos has released its Bitcoin, Innovation & Trust (BIT) Index, which revealed that many tech-savvy consumers in the U.S. and around the world see Donald Trump as the most “crypto-aware” presidential candidate.
Trump Leads US and Global Consumers
Second Elastos BIT Index released this week, a total of 50% of tech-savvy consumers surveyed in the United States said Trump is “the most ‘crypto-savvy’ presidential candidate with a deep understanding of how Bitcoin works and benefits,” compared to 32% who opted for incumbent President Joe Biden and 19% for independent candidate and longtime $BTC supporter Robert F. Kennedy Jr.
Also in the United States, 49% of respondents said they considered Trump the most “crypto-ready” candidate, ready to embrace and promote the benefits of Bitcoin, compared to 30% for Biden and 21% for Kennedy Jr.
Globally, 51% chose the Republican frontrunner for president for crypto awareness, 31% chose Biden, and 19% opted for Kennedy Jr. However, demographically, respondents between the ages of 18 and 24 were least likely to consider Trump to be actually “crypto aware.”
Globally and in the United States, 42% of respondents believe Trump is the presidential candidate most likely to “spread the use and benefits of using Bitcoin,” compared to 23% for Biden and 14% for Kennedy Jr.
Only 14% of respondents said they thought Robert F. Kennedy Jr. would spread the use of Bitcoin in the country, even though he has long been a Bitcoin supporter. Elastos BIT Index
What this means for the crypto space
Elastos’ BIT Index results come as the cryptocurrency community heads to the Bitcoin 2024 conference in Nashville next week, hailed as the biggest cryptocurrency event this year.
Jonathan Hargreaves, global head of corporate development and ESG at Elastos, said it’s easy to focus on the presidential race through the lens of U.S. consumers, “but we have to remember to look at it through a global lens.”
“While it is clear that Trump is seen as the crypto candidate by a majority of Americans, the more surprising result is that the entire world also sees him as a potential key policymaker in the sector. This reflects the need for global leadership to see the critical role that crypto can play in our economic future,” Hargreaves said in a statement to the International Business Times.
Hargreaves added that the global results highlight the growing need for “concerted policy action in both regulation and positive enforcement of Bitcoin.” At this point in the U.S. cryptocurrency market, it is clearly “time for America to partner with the world on cryptocurrency leadership,” he said.
On Bitcoin in the Mainstream Scene
In addition to the presidential race, the index also looked at how tech-savvy consumers feel about the core business of Bitcoin, the world’s largest digital asset by market value.
Thirty-eight percent of respondents said they believe $BTC will go mainstream within the next four years, with consumers between the ages of 25 and 34 most likely to believe in the cryptocurrency’s ability to become mainstream.
A full 80% of respondents said they see Bitcoin becoming the “default” currency in the future, by which prices for most global transactions (such as commodities, real estate, corporate valuations, etc.) will be set.
Critical Moments for Presidential Candidates
The index results come at a critical time for presidential candidates seeking to win the hearts of cryptocurrency voters in November.
Just Wednesday, Biden Tests Positive for COVID-19 with mild symptoms, raising further concerns about his health and age ahead of the hectic months leading up to the election.
On Saturday, Trump survived a attempted assassinationBut concerns remain about his age, considering he is 78, not far behind Biden, who is now 81.
Kennedy Jr. has long been an advocate for broader Bitcoin adoption. However, he has struggled to reach the same levels of popularity as Biden or Trump. On the other hand, he may soon see a surge in popularity, as he is set to speak at Bitcoin 2024 alongside Trump.