- Cryptocurrency has become a significant factor in the 2024 U.S. election, with 16% of voters identifying as part of the Crypto Voting Bloc.
- Both Democrats and Republicans see their parties as more crypto-friendly, highlighting the bipartisan nature of crypto support.
- Crypto donations have surged, making up nearly half of all corporate donations, and could potentially swing the election outcome.
The United States Presidential election this year is certainly one of the most relevant topics of discussion. While former President Donald J. Trump aims to regain his chair – Kamala Harris is looking to become the first female President in the nation’s history.
One of the most unique aspects of this electoral process is certainly the growing presence of cryptocurrencies and its influence on the campaign. According to a report from Public Citizen, crypto contributions total nearly half of all corporate donations this year.
However, crypto influence is far from being capped at campaign donations. A recent report from Bitcoin Magazine shows that the amount of crypto voters has grown exponentially in recent years.
In 2018, the amount of voters who considered Bitcoin and other cryptocurrencies a relevant policy to stand by was below 10 million – and today this stat has grown to over 75 million voters who now consider cryptocurrency a crucial policy issue when voting.
America’s View on Crypto and its Impact on The Election
A recent poll conducted by The Digital Chamber sheds light on the growth and influence crypto voters – known as the Crypto Voting Block – could have in this election.
The findings show that digital assets have become such an important topic that 1 in every 7 U.S. voters now considers it a major factor in their decision-making process. The survey also shows that today – more people would be encouraged to vote for a pro-crypto candidate than against one.
Also, black adult males make for one of the most prevalent pro-crypto demographics – with about 40% of black male voters considering a candidate’s stance on the subject before picking a vote. Interestingly enough, being pro-crypto is not a trait exclusively of one party. In fact, both Democrats and Republicans consider their party more crypto-friendly than the opposition.
The fact that the survey considers 16% of U.S. voters part of the Crypto Voting Bloc could have serious implications for the result of this election. For the first time in history, cryptocurrency could become a decisive factor that could swing an American election.
