As a seasoned political analyst with a background in technology and finance, I find myself intrigued by the growing influence of cryptocurrency in American politics, particularly during this election cycle. The recent Fairleigh Dickinson University poll highlights an interesting trend: former President Donald Trump’s outreach to the crypto community seems to be paying off, with a significant lead among voters who own digital assets.
As a crypto investor, I’ve noticed an intriguing trend this election season: the efforts of former President Donald Trump to engage with us are proving effective for his 2024 U.S. presidential bid. A recent poll by Fairleigh Dickinson University highlights this trend.
As a crypto investor, it’s clear to me that Trump’s openness towards cryptocurrency seems to be reaping rewards. The latest FDU poll shows a substantial advantage for Trump among voters who own cryptocurrencies or related assets, with a lead of 12 percentage points over Vice President Kamala Harris in the 2024 U.S. Presidential race.
The poll shows that 50% of likely voters who own crypto backed Trump, compared to 38% who support Harris. Conversely, among non-crypto owners, Harris leads by 12 points, garnering 53% support to Trump’s 41%.
The FDU Poll also revealed that 15% of all registered voters in the U.S. have owned crypto, NFTs, or similar digital products. This group is disproportionately composed of men, younger voters, and members of racial minority groups.
It’s worth noting that Republicans tend to own cryptocurrency slightly more often than Democrats, but this discrepancy doesn’t entirely explain the significant 24-point difference in voting preferences for the presidency between crypto owners and those who don’t, as suggested by the survey findings.
Crypto in the driver’s seat this election season
This election cycle, I’ve noticed a strategic shift by both political parties to court the cryptocurrency sector, seeking to gain favor with the crypto community and tap into their financial resources. The growing backing from crypto holders underscores the burgeoning impact of digital finance on U.S. politics.
As a crypto enthusiast myself, I’ve noticed that Donald Trump has been actively engaging with the crypto community. It’s tempting to underestimate our numbers, but I believe many overlook just how far-reaching cryptocurrency ownership truly is.
Executive Director of the poll Professor Dan Cassino.
During my latest campaign, I, as an analyst, have observed that Donald Trump has been quite open about his positive views towards cryptocurrency. This stance represents a significant shift from his previous criticism, where he referred to digital currencies as a “scam” in a 2021 interview.
During this current election period, Trump has expressed his intention to support cryptocurrencies during his next term as president. He stated at a recent rally, “Cryptocurrencies are leaving the U.S. due to their hostile environment. I don’t want this trend to continue. If we aim to accept them, we must allow them to operate within our borders.”
Trump’s approach towards the cryptocurrency sector has been quite apparent lately. For instance, in July, he spoke at Bitcoin2024 in Nashville, expressing robust backing for the Bitcoin (BTC) mining sector, even acknowledging environmental concerns associated with it.
On August 29th, Trump declared intentions to transform the United States into a global leader in cryptocurrency, should he be re-elected. This statement seems to hint at an undertaking known as World Liberty Financial, spearheaded by his sons. Though specifics are still scarce, the venture appears to concentrate on the tokenization of real-world assets.
On May 21st, the Trump campaign launched a fundraising platform accepting contributions made through any cryptocurrencies supported by Coinbase.
Across party lines, Harris’s Democratic team kick-started the “Crypto4Harris” initiative in August, focusing on building connections within the cryptocurrency community and countering Republican attempts to win over crypto supporters. The campaign’s goal is to create a supportive policy platform for cryptocurrencies, with the aim of strengthening Harris’s ties with the digital currency sector.
With the 2024 Presidential election on the horizon, Trump’s backing of cryptocurrencies could potentially tip the scales for undecided voters, especially within demographic groups that have historically tended to favor the Democratic Party.
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2024-08-30 17:22