According to another reconnaissance By pro-crypto trade group The Digital Chamber, the US presidential candidate’s stance on cryptocurrencies may be more significant than initially expected.
26 million voters in the “crypto voting bloc”
The “crypto voting bloc” refers to a group of voters — both Republicans and Democrats — who consider digital assets “very” or “extremely” important in determining their votes. These voters are more likely to support a candidate with a pro-crypto stance.
Of the 1,004 survey respondents, about 16%, or one in seven, felt that digital assets would play a crucial role in helping them decide which candidate to support.
Interestingly, 25% of Democratic voters and 21% of Republican voters said they would prefer a pro-crypto presidential candidate. This contradicts the prevailing idea that Republican voters are more concerned with digital asset regulations.
From a demographic perspective, nearly 40% of Black voters consider digital assets to be “extremely important” or “very important” in determining who they will vote for in November 2024. In comparison, only 13% of whites and 22% of Asian voters expressed this. Same feelings.
The poll also revealed gaps in perception among voters. For example, those who plan to vote for Kamala Harris believe that she is more supportive of digital assets than Donald Trump. On the other hand, Trump voters believe he is more pro-crypto than Harris.
Notably, 34% of Democratic and Republican voters said the cryptocurrency industry should be at least a “moderate” priority for the president and Congress. Additionally, 32% of Democratic voters and 27% of Republican voters said cryptocurrency should be a “very high” or “high” priority for the next administration.
Commenting on the survey results, Founder and CEO of the Digital Chamber, Berian Boring said:
Voters are sending a clear message – they want smart, balanced regulation that protects consumers without stifling innovation. Adopting a pro-crypto stance is a powerful opportunity for candidates to connect with this rapidly growing base.
The survey also found that individuals with greater knowledge about digital assets tend to hold more positive feelings toward digital assets. Likewise, Americans who are more familiar with cryptocurrencies are more likely to trust government officials.
Harris and Trump promise positive regulations
Both presidential candidates are working hard to maintain or even increase electoral support from the so-called crypto voting bloc.
Most recently, Alex Thorne of Galaxy Research He explained The digital asset industry may benefit under Harris as she is likely to be “more supportive” than Joe Biden. Notably, the Biden regime is accused of stifling the nascent industry due to its perception chase Companies that deal with digital assets.
Meanwhile, Bernstein reports anticipation Bitcoin (BTC) could rise to as much as $80,000 to $90,000, following Trump’s victory. The company too male The cryptocurrency community wants a clearer stance from Harris on the emerging asset class.
Recently, an application was filed with the Federal Election Commission open Trump has received nearly $7.5 million in Bitcoin, Ethereum (ETH) and Ripple donations since early June. Bitcoin is trading at $68,807 at press time, up 1.9% in the past 24 hours.
Featured image from Unsplash.com, chart from TradingView.com
Comments are closed, but trackbacks and pingbacks are open.