- March 14, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
US voters who own crypto favor Donald Trump in the upcoming 2024 presidential elections, according to new surveys conducted by Paradigm.
The research-driven investment firm said on March 14 that 48% of crypto holders plan to vote for Donald Trump, while 39% plan to vote for Joe Biden — with 13% undecided.
That represents slightly more favor for Donald Trump than is seen among non-crypto holders, 45% of whom plan to vote for Trump compared to 42% for Biden.
The respondents’ attitudes are almost the opposite of the 2020 election when most crypto holders had a more positive attitude toward Biden. The report noted that 43% of crypto holders recall voting for Biden in 2020, while 39% recall voting for Trump.
Paradigm surveyed 1,000 registered voters overall and found that 19% of voters hold crypto, while 16% are likely to invest in crypto. According to Paradigm, these voters constitute a significant enough number to potentially sway the election in Trump’s favor.
Crypto is bipartisan
Investment rates in crypto do not differ greatly across the Democratic and Republican divide — with 19% of Democrats and 18% of Republicans claiming to have invested in crypto at some point. Meanwhile, a significantly higher percentage of independent voters — 24% — have invested in crypto, according to the report.
Additionally, a small number of voters — roughly 6% — are invested in spot Bitcoin ETFs, and another 6% plan to invest in the coming months, while 22% of the respondents said they may consider investing in them in the future.
In addition to crypto investment being a largely bipartisan activity, voters on each side do not trust party policies. Paradigm found that 49% of Americans do not trust either political party’s stance on crypto — comprising 40% of Democrats and 30% of Republicans.
Paradigm urged policymakers to take note of the broadest crypto participation rates, noting that “a fifth of the country is not a niche subgroup.” It suggested that both parties can gain advantages in elections by creating comprehensive policy proposals on crypto.
Paradigm’s data was gathered via a survey conducted by Public Opinion Strategies, which is generally considered a right-wing polling firm. The New Yorker labeled it “the leading Republican polling organization” in 2015, and several of its founders are members of the Republican party.
The post Crypto owners favor Trump over Biden in 2024 election with 9% divide appeared first on CryptoSlate.
