One in seven American voters, according to a recent Fairleigh Dickinson University survey, have made cryptocurrency investments, and these voters are more likely to support Republican presidential nominee Donald Trump than Kamala Harris.
From August 17 to August 20, the survey surveyed over 800 registered voters nationwide. The group was asked if they had ever traded stocks, options, or cryptocurrency on Robinhood or E*Trade, as well as if they had ever invested in cryptocurrency or non-fungible tokens (NFTs).
Owners of cryptocurrency are 50% more likely to support Trump, while only 38% are likely to vote for Harris, according to the survey.
It appears that Trump’s outreach to the cryptocurrency community has been successful, according to Dan Cassino, the executive director of the FDU poll. Although it could be simple to write them off as unimportant, he continued, he believes that people are unaware of just how common cryptocurrency ownership is.
Currently, 50 million Americans own cryptocurrency, making them a sizable share of the electorate. Politicians are conscious of their increasing influence; Trump courted cryptocurrency supporters at a recent Bitcoin conference in Nashville, Tennessee. During his speech, Trump promised to release Ross Ulbricht, who is incarcerated for his role as the creator of the Silk Road drug marketplace, and establish a strategic bitcoin reserve.
But the majority of non-crypto owners surveyed by FDU are in favor of Harris. These voters give Harris a 12-point advantage, with 53% supporting him versus just 41% for Trump.
Cassino discussed the outcomes, saying that since the philosophy behind cryptocurrency is built on mistrust of the established power structures, it makes sense for Trump to embrace it.
Because cryptocurrency owners aren’t liberals, conservatives, or MAGA supporters, they’re vulnerable, and in a close election, their numbers are too great to ignore. In terms of owning cryptocurrency, the results also showed that Republicans polled higher (18%) than Democrats (11%).
