The US Bitcoin Election Lies Within Two Demographic Generation
Over the time the political class has successful associated themselves to the digital space, bitcoin to be precise. The presidential election for the United States is scheduled to happen next year 2024, and greyscale of whom happens to be an analytical firm says that the next bullish market movement for bitcoin is to be influenced by millennials and Gen. Z.
From their demographics is said that the younger generations would has the largest percentage as per voters for the next presidential election. In their recent publication which noted that - Bitcoin is currently at its highest price in an American presidential election cycle; Bitcoin is currently trading above $29,000, whereas the previous election cycle high in Q4 2020 was ~$20,000.
Next, and arguably as important, the demographic that has grown to be particularly distrusting of institutions, while simultaneously concerned with their financial future, could perhaps be the most critical demographic of voters ahead of 2024.
In the 2024 presidential election, young people are projected to become the largest proportion of voters in history, with early reports noting that Millennials and Gen-Zers will comprise 44% of American voters by 2024.
In the past several presidential aspirants has publicized their stance as regards bitcoin and other digital assets, not only to farm votes but it’s also going to influence the bullish movement of the crypto market because the president elect has the power in electing officials to fill the place as the head in crypto inclined agencies such as SEC (securities and exchange commission), Commodity Futures Trading Commission (CFTC).
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