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A Paradigm survey reveals that US voters who own cryptocurrency show a tilt towards Donald Trump, with 48% supporting him compared to 39% for Joe Biden. The poll, conducted by Public Opinion Strategies with 1,000 respondents, offers insights into cryptocurrency holders' political preferences ahead of the 2024 presidential elections.
Insights into Cryptocurrency Ownership and Political Leanings Ahead of the 2024 Election
The poll results show that 48% of cryptocurrency owners support Donald Trump, while 39% support Joe Biden. This preference has an error margin of 3.5%, indicating that the race may be closer. The poll's results, conducted eight months before the presidential election and with candidates nominated for both major parties, per a CoinGape published report, point to an intriguing feature of crypto-savvy voters.
The survey also focuses on how a large segment of the electorate interacts with cryptocurrencies. Seven percent of participants claimed to own more than $1,000 in cryptocurrency, but 19 percent had purchased crypto. This information implies that digital currencies are becoming a part of the political picture, requiring future politicians to understand crypto policies clearly.
Growing Distrust in Political Parties' Cryptocurrency Policies Amidst Rising Public Interest
A curious aspect of the poll is voters' trust, or lack thereof, in political parties regarding cryptocurrency policy. Almost half (49%) of respondents said they trusted "none" of the parties to resolve crypto-related issues adequately. This view is universal, with large groups of Biden and Trump supporters having reservations about the two parties' stance on cryptocurrencies.
The survey shows that the general public in the United States is developing an appetite for investing in cryptocurrencies, as evidenced by interest in Bitcoin spot ETFs. Having given their consent two months before the survey, 6% of voters have already invested in these ETFs, with another 6% planning to do so.
Youthful and Diverse: Cryptocurrency Ownership Patterns Shape Political Dynamics for 2024
The ownership of cryptocurrencies among voters unveils a demographic profile that could sway future election outcomes. The survey indicates that younger and non-white voters are more inclined to use cryptocurrency, with over 40% of men aged 18 to 54 and more than 30% of African Americans and Hispanics planning to purchase or own some in 2024. This demographic shift could significantly impact the political landscape.
This demographic shift and the number of voters dissatisfied with the current financial system can make cryptocurrency policy a hotly debated issue in future elections. Furthermore, the percentage of college graduates with cryptocurrency is higher than those with postgraduate degrees, indicating that views on financial systems vary with education level.
Photo: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons
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