• A brand new ballot suggests that fifty% of cryptocurrency holders plan to vote for Donald Trump within the subsequent US presidential election.
• Amongst cryptocurrency holders, President Trump leads Vice President Kamala Harris by 12 proportion factors.
• Nonetheless, Harris leads Trump amongst non-cryptocurrency holders by 12 factors.

A current ballot by Fairleigh Dickinson College (FDU) revealed that cryptocurrency holders usually tend to assist former US President Donald Trump within the 2024 presidential election.

The survey was carried out amongst 801 registered voters nationwide. It discovered that fifty% of cryptocurrency holders plan to vote for Trump, whereas 38% assist Vice President Kamala Harris. In distinction, non-cryptocurrency holders favor Harris by a 12-point margin, with 53% supporting the vp and 41% backing Trump.

The outcomes recommend that Trump's efforts to interact with the crypto neighborhood, together with talking at crypto conferences and releasing NFTs, could have bolstered his assist from the group.

Moreover, the ballot highlighted the demographics of cryptocurrency holders, exhibiting that younger males and members of racial minority teams are disproportionately represented amongst cryptocurrency holders.

The survey discovered that 22% of Hispanic voters and 17% of Black voters mentioned they personal or have owned cryptocurrencies or non-fungible tokens (NFTs), in comparison with 13% of white voters.

Dan Cassino, a political science professor at Fairleigh Dickinson College, addressed the potential affect cryptocurrency holders may have on the election in an op-ed. “Traditionally, the Republican Celebration has struggled to enchantment to younger folks and folks of coloration,” Cassino mentioned.

He additional commented that cryptocurrency could possibly be a divisive situation that might appeal to Democratic-leaning voters.

“Help for cryptocurrency is actually a divisive situation that might win over voters extra aligned with the Democratic Celebration.”

Notably, the cryptocurrency business has been actively concerned within the election cycle, with firms like Coinbase and Ripple donating massive quantities to political motion committees (PACs). In actual fact, a current research discovered that almost half of all company donations to PACs this 12 months got here from cryptocurrency firms, making them key gamers within the election.

The ballot discovered that Republicans are barely extra prone to personal cryptocurrency than Democrats, with 18% of Republicans and 11% of Democrats saying they personal it, however the distinction in possession doesn't totally clarify the 24-point swing in presidential approval scores between cryptocurrency house owners (Trump +12) and non-owners (Harris +12).

Basically, the survey means that cryptocurrency possession crosses conventional political boundaries: Liberals, moderates, conservatives, progressives, and MAGA supporters are all equally prone to personal cryptocurrency.