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cryptocurrency
26m US voters make up the ‘crypto voting bloc’ in the 2024 presidential election
Published
1 hour agoon
October 18, 2024By
adminOne in seven US voters in a survey conducted by The Digital Chamber state a candidate’s crypto stance could determine who gets their vote in the upcoming presidential election.
The Digital Chamber, a digital asset sector trade association, found that one in seven of their respondents said crypto was “extremely” or “very” important in determining who gets their vote for the US Presidential Election 2024.
In the survey titled “Americans’ Views on Crypto Policies and Their Effects on Voting” 16% out of their 1,004 respondents belonged in the “Crypto Voting Bloc”, which is an estimated 26 million voters comprised of Republicans and Democrats who admitted they were somewhat or much more likely to vote for a pro-crypto candidate.
As much as 25% of Democrats and 21% of Republicans admitted that a candidate’s stance on crypto could positively impact their likelihood of voting for them. This means that presidential candidates who are pro-crypto might just gain a significant advantage at the polls.
Founder and CEO of The Digital Chamber, Perianne Boring, said that the results from the Crypto Voter Bloc National Survey acts as a wake-up call for policymakers, as it shows that voters who place emphasis on crypto could very likely “tip the balance” in the presidential race
“Voters are sending a clear message—they want smart, balanced regulation that protects consumers without stifling innovation. Embracing a pro-crypto stance is a powerful opportunity for candidates to connect with this rapidly growing base,” said Boring.
The survey results also show that two in five Black voters said a candidate’s crypto policies would greatly influence their vote, which is more than double the portion of white voters.
Although the wider public’s sentiment towards crypto remains mixed, with 46% of respondents feeling neutral about crypto, most Republican and Democrat respondents believe that crypto should be at least a medium-level priority for the new president and Congress.
On Oct. 14, Kamala Harris’ campaign team said the Democratic presidential candidate wants to support digital asset policies that protect Black crypto investors. In September, Harris-Walz vowed to balance investor protection and support for innovative industries like cryptocurrencies.
Meanwhile, Donald Trump has proposed plans to include a national Bitcoin reserve and regulatory frameworks to position the U.S. as the world’s crypto capital. Trump also launched a decentralized finance project known as World Liberty Financial, which it claims has whitelisted over 100,000 accredited investors.
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Bitcoin
Bitwise CIO Says 2025 Will Be ‘Exceptional’ for Bitcoin, Predicts BTC Will Hit a Six-Figure Price – Here’s Why
Published
2 hours agoon
October 18, 2024By
adminThe chief investment officer of crypto asset management firm Bitwise believes Bitcoin (BTC) will hit six figures sometime next year.
In a new interview on the Altcoin Daily YouTube channel with Aaron Arnold, Bitwise CIO Matt Hougan says that multiple factors seem to be lining up to make 2025 a big year for Bitcoin.
“I think it’s going to be a new all-time high. I think it’s going to be six-figure Bitcoin for sure. And the question is, is it a one handle or is it a two handle? When I say for sure, of course, there are no guarantees. It’s a risky market. You should only invest what you can lose. But the setup for 2025 is really exceptional.”
Hougan says one of the reasons to be bullish on Bitcoin is the effects of the most recent halving event in April, when miners rewards were cut in half.
“This is about the period in Bitcoin’s history where you start to feel the effects of the halving.”
He also expects the spot Bitcoin exchange-traded funds (ETFs) “will be bigger” next year. Other bullish catalysts, he says, include the Fed cutting rates.
Hougan believes that Bitcoin may start hitting fresh all-time highs in less than three months.
“Our view at Bitwise is that crypto will end the year at new all-time highs. It was just a question of when the rally would begin. It’s possible the rally has already begun.”
He also says that investors have plenty of liquidity at the ready that they can sink into the crypto market.
“There is a really significant amount of money on the sidelines.”
Bitcoin is trading for $67,028 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Binance Expands Trade Offerings For Scroll, SCR Price Gains Ahead?
Published
2 hours agoon
October 18, 2024By
adminCrypto exchange behemoth Binance sparked substantial optimism surrounding the zero-knowledge rollup crypto Scroll (SCR) on Friday, enhancing trade offerings for the token. The exchange revealed that it is ending pre-market listing for the asset, although additional trade offerings are to commence shortly ahead. Meanwhile, SCR price rallied over 200% to date after its pre-market listing began the previous month.
Binance Unveils New Listings For Scroll Sparking Optimism
In an official announcement dated October 18, it was revealed that the exchange is ending ‘pre-market’ trading for Scroll on October 21 at 09:00 UTC. Subsequently, the exchange will open spot trading for certain pairs starting October 22 at 08:00 UTC.
As per the Binance announcement, the new spot trading pairs that will be available for trading are SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. Users can start depositing SCR in preparation for trading. Withdrawals for the same are set to commence on October 23 at 08:00 UTC. Further, the transfer function will resume before October 21, the announcement added. Meanwhile, the listing fee was set at 0 BNB, underscoring the crypto exchange’s efforts to back the zk rollup crypto project.
Further, the exchange also revealed that it will apply the seed tag next to SCR. This indicates that the asset offers high risk and volatility. “All Pre-Market orders will be automatically removed after trading ceases for the Pre-Market trading pair,” the exchange notified. Overall, the enhanced trade offerings for users pave a bullish path for the coin’s future price action.
SCR Price To Gain Ahead?
Although SCR price traded down nearly 5% today, resting at $1.27, market watchers anticipate further gains in the asset’s price ahead. This bullish projection is primarily attributable to Binance’s enhanced offerings. Further, the token’s intraday low and high were recorded as $1.25 and $1.39, respectively.
Besides, it’s worth mentioning that SCR price extended gains to over 200% since October 11 in light of its pre-market listing. Further enhanced offerings by the exchange pave the way for additional money inflow into the coin, painting an optimistic picture of the price ahead.
Also, it’s worth mentioning that the exchange expanded offerings for SUI & TURBO recently, further cementing its foothold as one of the leading crypto exchanges.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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26m US voters make up the ‘crypto voting bloc’ in the 2024 presidential election
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