Crypto investors lean 50% more toward Trump than Harris, showing the growing political influence of the crypto community.
Trump's promise of a Bitcoin reserve at a Nashville conference resonates with crypto voters, boosting his appeal in 2024.
Republicans show higher crypto ownership (18%) than Democrats (11%), signaling a potential shift in the upcoming election.
In a survey conducted by Fairleigh Dickinson University, one in seven American voters admitted to having cryptocurrency investments. There is a clear preference for Donald Trump over Kamala Harris among these voters. Investors in cryptocurrencies are 50% more likely to back Trump than to vote for Harris (38%). This pattern demonstrates the crypto community's increasing political clout.
https://twitter.com/toprankcapital/status/1829841355931349073 Crypto Community's Growing Political Influence
Completed were from more than eight hundred people who were registered to vote between August 17 and August 20. It concentrated on trading via such websites as E*Trade and Robinhood, NFTs, and cryptocurrencies. The results show a clear correlation between Trump's efforts to engage with the Bitcoin community and their endorsement of his presidential campaign.
Besides, Trump’s efforts to appeal to crypto voters seem to have paid off. His appearance at a Bitcoin conference in Nashville, Tennessee, where he promised to establish a strategic Bitcoin reserve and free Ross Ulbricht, has resonated with many in the cryptocurrency. This move highlights Trump’s strategic focus on this growing voter segment.
Trump’s Strategic Appeal to Crypto Voters
Moreover, the poll highlights a stark contrast between crypto and non-crypto voters. Non-crypto holders show strong support for Harris, with 53% backing her compared to 41% for Trump. This 12-point lead suggests a clear divide in political preferences based on crypto ownership.
Republicans are also more likely than Democrats to possess cryptocurrency, according to the research, with 18% of Republicans reporting cryptocurrency assets compared to 11% of Democrats. This demographic information highlights the possible impact of cryptocurrency voters on the next election's result.
But as the election gets near, it's probable that Trump and Harris will work harder to win over cryptocurrency investors. Considering that 50 million Americans currently possess cryptocurrency, their votes may be quite important in choosing the next president.
The ideology underlying cryptocurrencies, which is frequently based on doubt about the established power structures, is in line with Trump's platform. As a result, as the race gets closer, the struggle for the cryptocurrency vote may end up being a deciding factor in the outcome.
The post Crypto Investors Swinging Toward Trump: A New Political Force Emerges appeared first on Crypto News Land.
