According to recent information, investigation The U.S. presidential candidate's stance on cryptocurrencies could be more consequential than initially expected, according to the Digital Chamber, a pro-cryptocurrency industry group.
26 million voters in the “cryptocurrency voting bloc”
“Cryptocurrency voting bloc” refers to a group of voters (both Republicans and Democrats) who believe that digital assets are “very” or “very” important in deciding their vote. These voters are more likely to support candidates with pro-crypto positions.
Of the 1,004 respondents surveyed, about 16%, or one in seven, said digital assets play an important role in deciding which candidate to support.
Interestingly, 25% of Democratic voters and 21% of Republican voters said they would prefer a pro-crypto presidential candidate. This contrasts with the general belief that Republican voters are more concerned about digital asset regulation.
From a demographic perspective, almost 40% of Black voters believe that digital assets will be “very important” or “very important” in deciding who they will vote for in November 2024. In comparison, only 13% of white voters and 22% of Asian voters consider digital assets to be “very important” or “very important.” Same impression.
The survey also revealed a perception gap among voters. For example, people who plan to vote for Kamala Harris believe she supports digital assets more than Donald Trump. Meanwhile, those who voted for President Trump believe he is more pro-crypto than Harris.
Notably, 34% of Democratic and Republican voters said the cryptocurrency industry should be at least a “moderate” priority for the president and Congress. Furthermore, 32% of Democratic voters and 27% of Republican voters said cryptocurrencies should be a “very high” or “high” priority for the next administration.
Commenting on the survey results: Founder and CEO of Digital Chamber, Perianne Bowling said:
Voters are sending a clear message that they want smart, balanced regulation that protects consumers without stifling innovation. Embracing a pro-crypto position presents a powerful opportunity for candidates to connect with this rapidly growing base.
The study also found that individuals who are more familiar with digital assets tend to have more positive feelings toward them. Similarly, Americans who are more knowledgeable about cryptocurrencies are more likely to trust government officials.
Harris and Trump promise positive regulation
Both presidential candidates are working hard to maintain and even increase electoral support from the so-called crypto voting bloc.
Recently, Alex Thorne of Galaxy Research said, explained He said the digital asset industry could benefit under Harris as she is likely to be “more supportive” than Joe Biden. Notably, the Biden administration has been accused of stifling emerging industries. chase Examples of businesses involved in digital assets.
On the other hand, according to Mr. Bernstein's report, predicted Following Trump's victory, Bitcoin (BTC) could rise to between $80,000 and $90,000. The company also said The crypto community is hoping for a clearer stance from Harris on the emerging asset class.
Most recently filed with the Federal Election Commission revealed Trump has reportedly received approximately $7.5 million in BTC, Ethereum (ETH), and XRP donations since early June. BTC is trading at $68,807 at the time of writing, up 1.9% in the past 24 hours.
Featured image from Unsplash.com, chart from TradingView.com
