Crypto owners favor Trump over Biden in 2024 election with 9% divide – POS poll Crypto owners favor Trump over Biden in 2024 election with 9% divide – POS poll
Meanwhile, nearly 20% of Democratic and Republican voters have invested in crypto, giving both parties a reason to cater to the industry.
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Updated: Jul. 10, 2024 at 12:52 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
US voters who own crypto favor Donald Trump in the upcoming 2024 presidential elections, according to a new survey conducted by Public Opinion Strategies on behalf of Paradigm.
The research-driven investment firm said on March 14 that 48% of crypto holders plan to vote for Donald Trump, while 39% plan to vote for Joe Biden — with 13% undecided.
That represents slightly more favor for Donald Trump than is seen among non-crypto holders, 45% of whom plan to vote for Trump compared to 42% for Biden.
The respondents’ attitudes are almost the opposite of the 2020 election when most crypto holders had a more positive attitude toward Biden. The report noted that 43% of crypto holders recall voting for Biden in 2020, while 39% recall voting for Trump.
Paradigm surveyed 1,000 registered voters overall and found that 19% of voters hold crypto, while 16% are likely to invest in crypto. According to Paradigm, these voters constitute a significant enough number to potentially sway the election in Trump’s favor.
Crypto is bipartisan
Investment rates in crypto do not differ greatly across the Democratic and Republican divide — with 19% of Democrats and 18% of Republicans claiming to have invested in crypto at some point. Meanwhile, a significantly higher percentage of independent voters — 24% — have invested in crypto, according to the report.
Additionally, a small number of voters — roughly 6% — are invested in spot Bitcoin ETFs, and another 6% plan to invest in the coming months, while 22% of the respondents said they may consider investing in them in the future.
In addition to crypto investment being a largely bipartisan activity, voters on each side do not trust party policies. Paradigm found that 49% of Americans do not trust either political party’s stance on crypto — comprising 40% of Democrats and 30% of Republicans.
Paradigm urged policymakers to take note of the broadest crypto participation rates, noting that “a fifth of the country is not a niche subgroup.” It suggested that both parties can gain advantages in elections by creating comprehensive policy proposals on crypto.
Public Opinion Strategies is generally known for having a right-leaning bias due to its association with Republican clients and its history of working on behalf of Republican candidates and causes. The firm describes itself as a national political and public affairs research firm, and it has a long history of conducting interviews with voters and consumers across the United States and in foreign countries.
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Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.
Joe Biden, byname of Joseph Robinette Biden Jr., is an American politician and the 46th and current president of the United States.