Crypto voters are bipartisan in desire to update the system — Coinbase

Savannah FortisJul 11, 2024Crypto voters are bipartisan in desire to update the system — CoinbaseAccording to a new Coinbase study, crypto voters are diverse, enthusiastic and poised to impact key battleground states in the upcoming US presidential election.902 Total views32 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe upcoming November presidential election in the United States is fast approaching, and cryptocurrency remains a highly debated issue among candidates and voters.

A study by Coinbase released on July 11 revealed that crypto voters, in particular, are “going to make a big difference” in the key races, with one in six crypto owners living in the seven key battleground states.Source: CoinbaseYoung crypto voters

According to the study, crypto voters are “younger and more diverse,” with Gen Z and Millennials making up 65% of registered voters who own crypto. 

Among the registered voters, 40% reside in swing states — those states that could be won by either the Democrat or Republican candidate.

Registered voters who own crypto make up 35% of non-white voters, making the pool of crypto voters a diverse bunch.

Not only are these voters younger and more diverse, but they were also revealed to be active in the political race with nine out of 10 registered voters that own crypto likely to vote in the Nov. 5 election.

Moreover, those voters said they were four times more enthusiastic about voting for a pro-crypto candidate than not.

Related:Presidential candidates sidestep major tech issues in first debateBipartisan approach

This group of voters also proved to be more bipartisan, with 35% claiming to be Democrats, 34% Republicans and 31% saying they are persuadable about the party to which they belong. 

The statistics were similar among registered voters holding crypto in swing states.

Overall, crypto voters are eager to see a candidate who supports the industry with a more innovative and pro-crypto outlook.

Some in the crypto space have even established nonpartisan organizations to influence US crypto voters, such as Stand With Crypto and the Bitcoin Voter Project, which was started by a group of mining executives.

Candidates have even begun to catch on to the momentum of the crypto vote, and some researchers suggest that they may be using crypto to influence the election results and turnout.

Initially, Republican Party candidate and former president Donald Trump appeared to be a more crypto-friendly choice, though his motives have been questioned. The Democratic Party nominee, President Joe Biden, has taken some heat from the community for initially not being as pro-crypto as his opponent.

Robert F. Kennedy Jr. — the first presidential candidate to accept campaign donations in Bitcoin — and Donald Trump have both pledged to oppose the development of a central bank digital currency in the US.

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