Crypto’s New Political Ally? Trump Gains Edge Over Harris Among Blockchain Enthusiasts

• A new survey reveals that proponents of the cryptocurrency want Trump to defeat Harris in the forthcoming U. S presidential elections.
• The use of cryptos is more prevalent among young men, and those belonging to racial minorities.
• Venture firms involved in blockchain and cryptocurrencies are emerging as significant donors to political action committees.

Former U. S. President Donald Trump has found a new group of supporters, the group of people interested in cryptocurrencies and distributed ledger technology. A poll conducted by Fairleigh Dickinson University revealed that Trump has managed to grow his support from cryptocurrency holders.It shows that they are more likely to vote for him as the U.S. president than Kamala Harris, the vice president. The survey conducted and published on Friday indicates that Trump is closing the gap within this category, given his push for the Cryptocurrency Industry.

Crypto Owners Lean Toward Trump

A recent poll surveyed over 800 registered voters nationwide earlier this month and found that only 15% of respondents have owned or currently own cryptocurrencies or NFTs. Of those who own crypto, 50% indicated they were open to voting for Trump, while only 38% said the same about Harris. 

Meanwhile, 53% of non-crypto owners supported Harris, and 41% intended to vote for Trump. These findings indicate differences in political preferences between cryptocurrency holders and those who have not invested in digital assets.

Political Implications and Crypto Role in Election Campaigns

The poll also provided insight into the distribution of the age of cryptocurrency owners . This affirmed that those in the habit of utilizing crypto assets are young male individuals who are also in the minority due to racial diversity. Concerning the ownership of cryptocurrencies among the voters of different ethnic groups, 13% of the White voters stated that they owned some crypto, 17% of Black voters, and 22% of Hispanic voters.

Trump’s attention to Bitcoin could bring younger voters and people of color, which are typically democrat supporters,’ commented Dan Cassino, professor of Government and Politics at Fairleigh Dickinson, and the executive director of the poll.The cryptocurrency industry has supported politicians financially during this election cycle with Coinbase and Ripple leading in spending. So far this year, crypto firms have funded 45% of PAC donations, highlighting the industry’s increasing role in US politics.