As the United States gears up for the upcoming elections in November, the role of crypto voters has come into the spotlight. The crypto exchange Coinbase has conducted a survey revealing that 52 million Americans own cryptocurrencies, with a significant number residing in key battleground states. These states, such as Arizona, Florida, Michigan, and Georgia, play a crucial role in determining the outcome of the presidential contest due to their swing in votes between Democratic and Republican candidates.
One of the most striking findings of the survey is the demographic profile of crypto voters. Younger generations, such as GenZ and millennials, make up a substantial portion of registered voters in battleground states, with 65% of them owning crypto. Additionally, non-white individuals account for 23% of registered voters in swing states, and 35% of them own digital assets. This indicates a diverse and united group of voters who are eager to see positive changes in the regulatory environment for cryptocurrencies.
Another interesting aspect highlighted by the survey is the bipartisan nature of crypto ownership in the United States. While 41% of registered voters in battleground states lean towards the Republican Party, 34% of them own cryptocurrencies. Similarly, 35% of individuals leaning towards the Democratic Party in purple states are crypto owners. This bipartisan support for digital assets suggests that crypto-related policies could have a significant impact on voter behavior in the upcoming election.
Enthusiasm and Impact of Crypto Voters
The survey also found that nine out of ten crypto owners are likely to vote in the presidential election, demonstrating a high level of enthusiasm among this group of voters. They are four times more eager than eligible voters to support candidates who are pro-crypto. This level of enthusiasm and commitment to voting could potentially sway the outcome of key races in the 2024 election, according to Coinbase.
The increasing influence of crypto voters in key battleground states is set to have a significant impact on the upcoming US election. With a growing number of Americans owning cryptocurrencies and a diverse demographic profile of crypto voters, candidates’ views on digital assets are expected to play a crucial role in determining voter preferences. As the election draws near, the role of crypto voters is likely to become even more pronounced, shaping the political landscape for years to come.