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Home»ADOPTION NEWS»Crypto ownership among Democratic voters likely to increase next year: Paradigm poll
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Crypto ownership among Democratic voters likely to increase next year: Paradigm poll

By Crypto FlexsAugust 12, 20243 Mins Read
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Crypto ownership among Democratic voters likely to increase next year: Paradigm poll
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As cryptocurrencies become an increasingly prominent issue in this year’s presidential election, a new poll released by investment firm Paradigm shows that 18% of Democrats have purchased cryptocurrency, a number that is likely to increase next year.

Nine percent of Democrats said they were “very likely” to invest in cryptocurrencies in the next year, while 18 percent said they were “somewhat likely” to invest. However, 54 percent of Democrats said they were “not at all” likely to invest in cryptocurrencies. vote.

Only 8% of those surveyed said they own more than $1,000 worth of cryptocurrency, while only 5% said they own more than $10,000.

“These are the kinds of holdings that influence election decisions,” Justin Slaughter, Paradigm’s policy director, said Monday. mail About X: “And of course, 33% of the 5% of Democrats who own more than $10k said crypto would be a voting issue, as did 23% of all crypto owners.”

Days after President Joe Biden dropped out of the race and endorsed Harris as his successor, Paradigm conducted a poll of 804 “self-identified registered Democratic voters” with a 3.5% margin of error. The poll was conducted in partnership with research firm Mercury Analytics.

Paradigm said it “also conducted 100 additional interviews with Black, Hispanic, and AAPI (Asian American and Pacific Islander) Democrats to better understand how non-white Democrats view cryptocurrencies.”

Cryptocurrencies have solidified their place in the upcoming election season, with millions of dollars pouring into super political action committees and presidential candidate Trump telling voters he will end the “illegal and un-American crackdown” on the U.S. cryptocurrency industry. Meanwhile, candidate Kamala Harris Reach A source who spoke with her campaign team said she wanted to get into the crypto industry and learn more about it. Harris has yet to take a formal stance on cryptocurrencies.

Of those surveyed, 13% were undecided about whether to vote for Harris. According to the poll, 18% of voters said they had purchased cryptocurrency, and 21% said the Biden administration was “too hostile” or “much too hostile” to the industry.

Paradigm also found that cryptocurrencies are most popular among Democratic voters of color. The poll found that 18% of all Democrats have invested in crypto, compared to 22% of Black Democrats, 25% of Hispanic Democrats, and 27% of AAPI Democrats.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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