Poll: 64.7% Believe a Trump Victory Would Spark a Bullish Crypto Market

As the U.S. elections approach, many are wondering how the outcomes might influence the cryptocurrency market. Our recent survey reveals some intriguing insights into investor sentiment. Notably, 2 out of 3 respondents believe that a victory for Donald Trump could ignite a bullish trend in crypto prices. This perspective highlights the connection between political events and market dynamics, showing that investors are keenly aware of how election outcomes could shape the future of digital assets.

In this research report, we’ll look into the survey results and explore why many believe a Trump win could lead to exciting opportunities in the crypto space.

78.2% See Volatility in the Crypto Market During U.S. Elections

Most of the survey respondents – 78.2% – think that U.S. elections cause noticeable swings in the crypto market. They feel that the uncertainty surrounding potential policy changes and regulations leads to price ups and downs during election periods.

Another 11.4% believe elections only bring moderate shifts, while 6.3% don’t think elections affect crypto prices much. A small group, 4.1%, sees no connection between elections and the crypto market at all.

Of the 78.20% of participants who think U.S. elections create volatility, approximately 67.31% (or about 1,441 participants) feel that this volatility would lead to a bullish market. In contrast, only about 10.89% believe it would result in a bearish market, showing that many investors remain optimistic despite the uncertainty.

Around 2 Out of 3 Believe a Trump Victory Would Lead to a Bullish Market

When asked about which candidate’s victory would have the most positive impact on the crypto market, 64.7% said that if Donald Trump or another Republican won, it would likely lead to a bullish (rising) market. Many think this because Republicans are often seen as being more business-friendly and against strict regulations.

Meanwhile, 20.3% believe that an independent or third-party candidate with a strong pro-crypto stance could also drive a positive market reaction. Only 9.1% said a Democratic candidate’s win would result in a bullish market, while 3.2% think no candidate’s win would make a big difference.

Furthermore, A Trump victory is seen as positive for the crypto market for several reasons. 38.5% of respondents believe his pro-crypto stance would create a more favorable environment for crypto growth. 26.7% think his push for lower taxes would benefit crypto investors and businesses alike.

Another 17.9% feel his policies would support private sector innovation, giving crypto and blockchain companies room to expand. Additionally, 12.3% of participants said Trump is less likely to impose strict regulations on crypto, which could keep the market free and flexible. Finally, 4.6% pointed out that his focus on strengthening the U.S. economy and global trade could indirectly boost confidence in cryptocurrencies.

55.93% Take a Cautious Approach to Investments During Elections

55.93% of survey participants reported that they take a more cautious approach to their crypto investments when election news fills the headlines. Many of these respondents choose to either reduce their investments or hold off on adding new ones until the political climate stabilizes. Meanwhile, 19.85% prefer to maintain their current positions without making any new investments.

In contrast, 14.28% see election periods as a favorable time to buy, particularly if prices drop. On the other hand, 6.87% of participants completely avoid the crypto market during elections, and 3.07% indicated that election events have no impact on their investment decisions.

71.6% Believe a Pro-Crypto Candidate Will Increase U.S. Crypto Adoption

A large portion, around 71.6% of survey participants, think that if a pro-crypto candidate wins, it will lead to more people adopting and using cryptocurrencies in the U.S. They believe that a pro-crypto leader could create policies that support blockchain technology and encourage its growth.

12.5% believe that while adoption may increase, it will only happen slowly, as factors like regulation and public trust play a bigger role. Another 8.3% said a candidate’s stance won’t have much of an impact on adoption, while 4.2% expect adoption to continue at its current pace regardless of who wins. 3.4% were undecided on the issue.

Our Methodology

This survey was conducted among 2,147 participants between (5 Oct – 17 Oct 2024) from around the world to assess how U.S. elections affect the cryptocurrency market. The participants were chosen randomly and represented a diverse range of opinions. The survey was balanced across genders, with 61.73% men, 36.2% women, and 2.07% choosing not to disclose their gender.

Out of the total respondents, 71.4% identified themselves as active cryptocurrency investors, meaning they regularly trade or hold crypto assets. The remaining 28.6% were non-investors but still interested in the broader cryptocurrency market, often following news or developments without directly engaging in the market.

The survey included participants from various continents, reflecting a wide geographical spread across the globe. Some key continents represented in the survey are:

• North America: 698 participants (32.5%)
• Europe: 610 participants (28.4%)
• Asia: 475 participants (22.1%)
• Australia: 191 participants (8.9%)
• South America: 124 participants (5.8%)
• Africa: 49 participants (2.3%)

The survey was conducted online, ensuring that responses were collected in a structured manner, with anonymity maintained for all participants. This method allowed for a comprehensive look at how global political events are seen to impact the crypto market by both investors and non-investors.