US has 'crypto voting

bloc' ahead of elections - Survey 2024

This report highlights the growing importance of cryptocurrency in U.S. politics, particularly as it pertains to the 2024 elections. The concept of a "crypto voting bloc" has emerged, defined as voters who not only consider cryptocurrency a key issue but are also more inclined to support pro-crypto candidates.

Key Findings from the Survey:

1. Crypto as a Critical Issue:

19% of likely voters (11% extremely and 8% very) regard cryptocurrency as extremely or very important in deciding their vote.

An additional 16% consider it moderately important, while 45% view it as "not at all important."

2. Influence of Pro-Crypto Stance:

12% of voters would be much more likely to vote for a candidate who supports cryptocurrency.

11% would be somewhat more likely, meaning over 20% of voters are swayed by a candidate's pro-crypto stance.

65% stated it would have no effect, while only a small portion, 12%, indicated that being pro-crypto would make them less likely to support a candidate.

3. The Crypto Voting Bloc:

The report defines the "crypto voting bloc" as those voters who (1) consider cryptocurrency a crucial factor in their voting decision and (2) would be more likely to vote for a pro-crypto candidate.

About 1 in 7 likely voters (16%) meet both criteria, representing 26 million people across the U.S.

Political Implications:

This crypto voting bloc could significantly impact elections, especially in key battleground states. As the popularity and adoption of digital assets grow, political candidates are expected to address crypto policies more directly. Those aligning themselves with this bloc by promoting clear and favorable crypto regulations could gain an advantage with this specific voter demographic.

With approximately 26 million potential voters, this bloc can no longer be ignored. Candidates might feel pressure to integrate blockchain and crypto discussions into their platforms to attract this influential and tech-savvy group.