A recent yay-saying poll from the pro-crypto trade organization The Digital Chamber shows that the candidate’s opinion on cryptocurrency issues might be of greater importance than anticipated earlier.
26 Million voters from the “crypto voting bloc interest”
The crypto voting bloc can be described as both Republican and Democrat voters who assign a decisive if not primary use to their digital assets. These voters are most likely to favor a candidate who openly supports the crypto community and its legislation.
Of the surveyed 1004 individuals respondents, a rough 16 percent — that one out of seven — believed that virtual currencies would feature significantly in the opinion in the contestant they will vote for.
It’s quite surprising but 25 percent of Democrats and 21 percent of Republicans who took part in the survey claimed they would endorse a president with a favourable attitude towards cryptocurrencies. This is striking as it clashes with a bulk of the public perception where GOP voters are portrayed to show the most concern in the digital assets regulatory space.
Demographically, black voters are more likely to place its importance on digital assets as 40% of them indicated it as ‘extremely important’ or ‘very important’. They further say their decision on who to vote for in November 2024 elections may depend on that very aspect in particular. However, it is starkly contrasted to white voters at only 13% and especially Asian voters who only had a slightly higher number at 22%.
The survey also provided perspective gaps among the voters. For instance, Kamala Harris supporters believed her position is more friendly towards the use of digital assets than Trump. On the contrary, the supporters of Trump believe he is much friendlier towards cryptocurrencies than Harris.
Noteworthy enough, 34% of both Democratic and Republican voters believed that crypto industry should be ‘medium’ threshold for president and congress of united states to consider. Furthermore, 32% of Democratic voters and 27% of Republican ones indicated that cryptocurrency at least must be counted as ‘very high’ or ‘high’ priority of the next administration.
Interpreting the results of the survey, Perianne Boring, founder and president of the Digital Chamber stated:
This is a very clear message coming from the voters – consumers need regulated balance that would tangibly allow for efficient opportunities but would not be an excessive burden to the industry. To take a pro-crypto position is a unique chance for candidates to reach out to a rapidly growing voter base.
The survey further revealed that digital assets are perceived more favorably by those who revealed a greater deal of understanding of them. Also, Americans who are more informed on the issues of cryptocurrencies, seem to have a greater faith in the government officials.
Just recently, Alex Thorn from Galaxy Research put it out that under Harris the digital assets industry could flourish as she would be ‘more favorable’ as compared to Joe Biden. It is worth noting that the AH points have been made out against the Biden regime of being a blockade for the developing industry due to its negative turn against all businesses associated with digital.
At the same time, a Bernstein report has forecast that a BTC rally, with Trump winning the election, can push the asset price to about $80,000 to $90,000. The firm added that the cry with the crypto community is for clarity on Harris’s position on the new class of assets.
In the latest news, the FEC filing showed that since about the June period, Trump had approximately $ 7.5 million worth of BTC, ETH, and XRP donations. At press time BTC is fetching $ 68,807 and has registered a growth of about 1.9% in the last 24 hours.
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