🚀💵2024 election showdown: will votes decide crypto’s fate?

Given the different importance that both India and the United States play in the global economy, the current elections there and the impending elections in the United States could have a significant impact on the cryptocurrency market.

With a population of over 1.4 billion, India has become the world's largest cryptocurrency hub. 93.5 million cryptocurrency owners, or 6.55% of India's total population, as of 2023.

In the meantime, the United States, which is home to around 340 million people, has the biggest cryptocurrency market in terms of ownership percentage, with about 52.9 million people, or 15.56% of the population, holding digital assets.

Over 15% of American cryptocurrency owners have more than $10,000 in cryptocurrency holdings. One in five Americans now hold digital assets, contributing to the group's increasing political power.

This demographic is diverse: 22% identify as Democrats, 18% as Republicans, and 22% as Independents. Additionally, 60% are Gen Z or Millennials, and 41% are minorities. 

This diverse crypto voter block could play a key role in the 2024 elections, especially in swing states where narrow margins often decide elections.

In contrast, India’s general election in 2024 is not expected to bring immediate changes to crypto policy. 

Prime Minister Narendra Modi, who is seeking a third term, is likely to continue the current restrictive stance on crypto, including the 1% tax deducted at source on transactions. 

Despite the country’s rapid adoption of digital assets, crypto remains a niche issue for the majority of Indian voters, overshadowed by more pressing economic and social concerns.

With 22% identifying as Democrats, 18% as Republicans, and 22% as Independents, this group is diverse. In addition, 41% are minorities and 60% are Gen Z or Millennials.

Particularly in swing regions where elections are sometimes decided by slim margins, this varied cohort of crypto voters may be very important in the 2024 elections.
$BTC $ETH $SOL
#FIT21
#EarnFreeCrypto2024