The United States presidential election is quickly approaching, and Bitcoin remains a divisive subject. According to Coinbase’s July 11 report, crypto voters are projected to affect important races significantly. One in every six crypto owners lives in one of the seven battleground states.
Crypto Voters
Coinbase survey found that crypto voters are younger and more diverse. Gen Z and Millennials account for 65% of registered votes. 40% live in swing states, and 35% of non-white voters own cryptocurrency.
According to the exchange, these individuals desire to improve the system and create riches for themselves, notwithstanding their political allegiance. Coinbase stated:
Crypto voters are younger, more diverse and united in their desire to update the system and build wealth for themselves. They’re more bipartisan than you think. They’re enthusiastic to vote and going to have a big impact in the races that decide the 2024 election.
The voters are also politically active, with nine out of ten planning to vote in the November 5 election. They are four times more likely to vote for a cryptocurrency-friendly politician than not. This variety creates a diversified population of cryptocurrency voters.
Donald Trump’s Push for U.S. Bitcoin Mining and Its Impact on 2024 PoliticsBipartisan Issue
Crypto voters are more bipartisan, with 35% Democratic, 34% Republican, and 31% undecided about their party. Candidates who supported the sector with a more creative and pro-crypto perspective are sought.
Bipartisan groups such as Stand With Crypto and the Bitcoin Voter Project have been formed to persuade U.S. cryptocurrency voters. Candidates are also catching on to the crypto vote’s momentum, with some experts speculating that they may use cryptocurrency to influence election results and turnout.
Paradigm-Sponsored Survey
Last month, Paradigm, a crypto-focused venture capital firm, polled 1,025 likely Republican voters about the developing business. The results indicated a strong faith in the present financial system and support for Trump.
According to the study, about 13% of Republicans do not intend to vote for Trump. But now they are more inclined to support him as a result of his previously announced pro-crypto stance.
