Crypto Community Boosts Trump’s Poll Numbers in US Elections

Cryptowire Survey: Crypto Community’s Political Preferences

A recent survey conducted by leading crypto venture capital firm Paradigm reveals interesting insights into the political preferences of the crypto community for the upcoming 2024 US Presidential Election.

Key Findings:

• 48% of crypto owners plan to vote for former President Donald Trump.
• 39% intend to vote for current U.S. President Joe Biden.
• 45% of all registered voters favored Trump, while 42% supported Biden.

Crypto Community’s Trust Issues with Major Political Parties

The survey also highlighted a lack of trust among voters toward both major political parties when it comes to crypto-related matters:

• 49% of voters expressed distrust in both parties regarding crypto.
• 40% of Democrats and 30% of Republicans shared this sentiment.

Republican Party’s Stance on Crypto and CBDCs

The Republican Party has shown more interest in crypto-related issues, particularly in relation to central bank digital currencies (CBDCs):

• Former President Trump has vowed to eliminate CBDCs if re-elected.
• Congressional Republicans have attempted to ban a U.S. CBDC.

Crypto Community’s Growing Influence

The survey revealed that crypto holders are no longer a niche group but have emerged as a significant voting bloc:

• 19% of voters currently own or use cryptocurrencies.
• An additional 16% express interest in investing in digital assets.

Shifts in Crypto Ownership Demographics

The poll also revealed shifts in cryptocurrency ownership demographics:

• Ownership of crypto is higher among communities of color and younger individuals.
• 33% of African Americans and 32% of Hispanics currently own or have traded cryptocurrencies in 2024.

Market Frenzy and Crypto ETFs

The survey captured the market frenzy surrounding spot Bitcoin ETFs:

• Approximately 6% of voters reported investing in crypto ETFs.
• Another 6% are planning to do so, with an additional 22% expressing interest in buying into a spot Bitcoin ETF.

The margin of error for the poll is 3.5%, indicating a reasonable level of confidence in the results.