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- A brand new ballot reveals that fifty% of cryptocurrency holders plan to vote for Donald Trump within the upcoming U.S. presidential election.
- Trump leads Vice President Kamala Harris by 12 factors amongst crypto house owners.
- Nevertheless, Harris leads Trump by 12 factors amongst non-crypto house owners.
A latest ballot by Fairleigh Dickinson College (FDU) revealed that cryptocurrency holders usually tend to help former U.S. President Donald Trump within the upcoming 2024 presidential election.
The survey was performed amongst 801 registered voters nationwide. It discovered that fifty% of crypto house owners plan to vote for Trump, whereas 38% desire Vice President Kamala Harris. In distinction, non-crypto house owners favored Harris by a margin of 12 factors, with 53% supporting the Vice President and 41% backing Trump.
The outcomes recommend that Trump’s efforts to have interaction with the crypto group, together with talking at a cryptocurrency convention and releasing NFTs, could have bolstered his help amongst this group.
Moreover, the ballot highlighted the demographics of crypto possession, displaying that younger males and members of racial minority teams are disproportionately represented amongst crypto holders.
In accordance with the survey, 22% of Hispanic voters and 17% of Black voters reported proudly owning or having owned cryptocurrencies or non-fungible tokens (NFTs), in comparison with 13% of White voters.
In a commentary, Dan Cassino, a professor of presidency and politics at Fairleigh Dickinson, famous the potential influence of crypto house owners on the election. “Traditionally, Republicans have had a tough time reaching younger folks and folks of shade,” Cassino mentioned.
Moreover, he commented on the position of crypto as a divisive challenge that might entice voters who would possibly in any other case lean Democratic:
“Help for cryptocurrencies could be very a lot a wedge challenge that might win over voters that in any other case look extra like Democrats.”
Notably, the crypto trade has been actively concerned within the election cycle, with corporations like Coinbase and Ripple contributing closely to political motion committees (PACs). In actual fact, a latest research discovered that just about half of all company contributions to PACs this 12 months got here from crypto corporations, making them a big participant within the election.
The ballot additionally discovered that Republicans are barely extra doubtless than Democrats to personal crypto, with 18% of Republicans and 11% of Democrats reporting possession. Nevertheless, the distinction in possession charges doesn’t totally account for the 24-point swing in presidential help between crypto house owners (Trump +12) and non-owners (Harris +12).
Primarily, the survey means that crypto possession transcends conventional political boundaries. Liberals, moderates, conservatives, progressives, and MAGA voters are all equally prone to personal cryptocurrencies.
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