Crypto Holders More likely to Vote Trump

A new survey released this week suggested crypto holders are more likely to vote for Trump.

President Donald Trump has gained significant traction among cryptocurrency owners following his embrace of the digital currency sector. According to a recent poll by Fairleigh Dickinson University (FDU), Trump leads Vice President Kamala Harris by 12 percentage points among U.S. voters who own cryptocurrencies. Conversely, Harris holds a similar 12-point lead over Trump among voters who do not own digital currencies.

The survey, conducted between August 17 and August 20, 2024, highlighted the potential influence of crypto owners in the upcoming presidential election. It revealed that 15% of all registered voters in the U.S. have owned crypto, NFTs, or similar digital products at some point. This demographic leans significantly towards male, young, and racial minority groups, challenging traditional political alignments.

The FDU Poll offers a more detailed look into the political preferences of cryptocurrency owners in the upcoming presidential election. According to the poll, 50% of likely voters who own crypto have expressed their support for Donald Trump, while 38% support Kamala Harris. This represents a significant 12-point lead for Trump among crypto owners. In contrast, among voters who do not own crypto, Harris leads Trump by 12 points, with 53% supporting her compared to 41% for Trump.

The poll underscores that cryptocurrency owners are an influential demographic in the election, given their considerable support for Trump. This support appears linked to Trump’s recent pro-crypto stance, including his keynote speech at the Bitcoin 2024 conference and the launch of initiatives aimed at making the U.S. a global crypto hub.

Overall, the poll conducted between August 17 and August 20, 2024, included responses from 801 registered voters nationwide. Among these, 15% reported owning or having owned cryptocurrencies, indicating a substantial portion of the electorate with an interest in digital assets policies​

The poll’s findings suggest that the ideological alignment of crypto enthusiasts, who often harbor distrust towards traditional financial and governmental institutions, resonates with Trump’s anti-establishment rhetoric. This resonance appears to be yielding dividends for Trump, who has shifted from his previous skepticism of cryptocurrencies to a more embracing stance as part of his campaign strategy. Notably, Trump announced initiatives to make the U.S. a global crypto hub and accepted crypto donations for his campaign.

On the other side, Harris, who has been less vocal about crypto during her campaign, leads among non-crypto owners, highlighting a divide in voter preference based on their engagement with digital assets.

This nuanced voter behavior underscores the growing impact of cryptocurrency ownership in shaping political preferences, indicating that both parties cannot afford to ignore this bloc of voters as they prepare for a closely contested election.

For more detailed insights, you can view the original FDU poll results on their website.