Crypto Enthusiasts Lean Toward Trump in 2024 Presidential Election: New Academic Poll Reveals
A new poll from Fairleigh Dickinson University has underlined one of the most striking political trends among holders of cryptocurrencies: their overwhelming preference for Donald Trump over Vice President Kamala Harris in the 2024 U.S. presidential elections.
Per the results of that same poll, made public Friday, a full 50% of cryptocurrency owners say they would vote for Trump, against only 38% who favored Harris. This conspicuous tilt speaks volumes to Trump’s successful courting of the crypto community this election cycle.
On the other hand, Harris is performing remarkably well in the section of the respondents that does not own any cryptocurrencies. This poll shows 53% of these non-crypto holders lean towards Harris, while 41% go for Trump. Herein lies the dramatic divide between crypto enthusiasts and the rest of the electorate.
As pointed out by Dan Cassino, a Professor of Government and Politics at Fairleigh Dickinson and executive director of the poll, “Trump’s targeted engagement with the crypto sector seems to be paying off. It is important to understand the rising influence of crypto ownership on electoral choices.”.
The new survey of more than 800 registered voters nationwide finds that about 15% of the respondents are current or former crypto investors-a proportion consistent with other recent studies, one that shows the ever-widening scope of digital assets.
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Interestingly, the demographics of crypto owners seem to skew toward younger voters and racial minorities. Whereas 13% of White voters reported owning crypto, the figures rise to 17% in the case of Black voters and 22% for Hispanic voters. Cassino said, “Republicans have traditionally struggled to connect with younger and minority voters. Cryptocurrencies could serve as a strategic wedge issue to attract these demographics.”
Beyond voter trends, the cryptocurrency industry has also invested big in campaign contributions this cycle. One recent report noted that close to 50 percent of all corporate PAC contributions this year have come from crypto-related companies, including major players like Coinbase and Ripple.
This would be one of the things to watch as the election draws closer: how influential the crypto community is, and if they can move critical blocs of voters. The poll underlines a very vital way in which new financial technologies are changing investment landscapes and shifting political allegiances.
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