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Poll: Crypto-owning voters lean towards Trump as their next president

Poll: Crypto-owning voters lean towards Trump as their next president

The BlockThe Block2024/03/14 21:55
By:The Block

Quick Take Close to half of crypto owners plan to vote for presidential candidate Donald Trump in the upcoming elections, a poll from Paradigm found.

Poll: Crypto-owning voters lean towards Trump as their next president image 0

Voters who own crypto are leaning toward voting for U.S. Republican presidential candidate Donald Trump, according to a poll conducted by investment firm Paradigm released on Thursday. 

The poll found that 48 percent of crypto owners plan to vote for Trump, and 39 percent of crypto owners plan to vote for President Joe Biden. Thirteen percent are undecided. 

"Notably, among crypto owners, 43% recall voting for President Biden in 2020 and just 39% of crypto voters recall voting for former President Trump that year," Paradigm said. "So it appears some of the voters President Biden is now losing to Trump are owners of crypto, possibly because of actions taken by some agencies in the Biden Administration."

Paradigm, alongside Public Opinion Strategies, conducted the poll. One thousand registered voters were polled online between Feb. 28 and March 4, with a margin of error of 3.5 percent, according to the release . 

The poll also found that 19 percent of registered voters say they have bought crypto — made up of 19 percent Democrats, 18 percent Republicans and 24 percent independent voters. 

Spot bitcoin ETFs 

Since the Securities and Exchange Commission approved spot bitcoin ETFs in January, 6 percent of voters in the U.S. have invested in them, and another 6 percent say they plan to, according to the poll. 

"Spot crypto ETFs are, as expected, proving to be a major vehicle onboarding Americans into crypto, and may end up being a step to direct crypto ownership," Paradigm said. 


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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