As the dates of polling are approaching closer the debate over who will win the presidential election in 2024 is fueling.
A recently published survey by Digital Chamber notes that roughly 40% of Afro-Americans (black Americans) believe that crypto policies will play an important role in casting their vote.
This could be understood as more black American adults have used cryptocurrencies compared to white Americans. It was further noted that around 16% of respondents argue that crypto policies will be important when casting a vote.
A different survey by NYT and Siena College highlights that nearly 78% of Black voters plan to vote for Harris, the voting percentage is less than Joe Biden, who got 92% votes in 2020, and Hillary Clinton 92% in 2016.
“Americans say government officials should focus on policies that reduce frauds and scams,” the respondents stated their concern during the survey. As per a data set, 21 percent of black people in the U.S have used crypto, and only 14% of white have been seen using cryptocurrencies.
Indication of Pre-Election Waves
Harris has been serving as the vice president under the Joe Biden administration and in the 2024 presidential election she is termed to be one of the strongest contenders leading the race with 48.5%.
Source: projects(dot)fivethirtyeight(dot)com
On the other hand, the former president of the U.S. Donald Trump has a 46.1% chance to win the election as per data from projects(dot)fivethirtyeight(dot)com.
Only 43.1% of Americans have stated their pro stance for Trump, and 52.6% still don’t favor him. Polymarket, states that he is leading over Harris as his winning chances are 60.6%. Trump has also gathered massive support from elites such as Elon Musk and others.
Source: Polymarket
At the beginning of October 2024, the Tesla owner delivered his speech at Butler, Pennsylvania, during a rally of Donald. He criticized the Biden administration over several decisions and argued that the public should vote for Trump.
The upcoming U.S. election has gained significant traction, especially in the cryptocurrency community, and it is believed that crypto’s agenda will play a crucial role in crowning the new president.
Every voter has their own reasoning and logic behind their support for a particular candidate in the presidential election 2024; some say Donald Trump is more pro-crypto, and once supporting Harris, argues that she could help boost crypto more efficiently.
Crypto Market Performance Post Announcement of Election in U.S
Since the beginning of Q2, 2024, the crypto market has been discussing the upcoming U.S. election, but the debate and discussion were steady at that time.
Major events like Trump’s revelation of holding cryptocurrencies have once again re-sparked the discussion of the ideal candidate who could shape the future of the crypto space.
As the polling date is nearing, a pump in the crypto market has been observed in the past seven days; market capitalization grew 10.36 percent, reaching $2.279 trillion.
Until publishing, Bitcoin was trading at $67,839.95 after growing 12.59 percent in a week and 12.52 percent in the past 30 days; recently, it also surpassed its 20, 50, 100, and 200-day exponential moving average.
