UPDATED: March 14, 2024, 6:41PM EDT
Voters who own crypto are leaning toward voting for US presidential Republican candidate Donald Trump, according to a poll conducted by investment firm Paradigm released on Thursday.
The poll found that 48 percent of crypto owners plan to vote for Trump, and 39 percent of crypto owners plan to vote for President Joe Biden. Thirteen percent are undecided.
“Notably, among crypto owners, 43% recall voting for President Biden in 2020 and just 39% of crypto voters recall voting for former President Trump that year,” Paradigm said. “So it appears some of the voters President Biden is now losing to Trump are owners of crypto, possibly because of actions taken by some agencies in the Biden Administration.”
Paradigm, alongside Public Opinion Strategies, conducted the poll. One thousand registered voters were polled online between Feb. 28 and March 4, with a margin of error of 3.5 percent, according to the release.
The poll also found that 19 percent of registered voters say they have bought crypto — made up of 19 percent Democrats, 18 percent Republicans and 24 percent independent voters.
Spot Bitcoin ETFs
Since the Securities and Exchange Commission approved spot bitcoin ETFs in January, 6 percent of voters in the US have invested in them, and another 6 percent say they plan to, according to the poll.
“Spot crypto ETFs are, as expected, proving to be a major vehicle onboarding Americans into crypto, and may end up being a step to direct crypto ownership,” Paradigm said.
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About Author
Sarah is a reporter at The Block covering policy, regulation and legal happenings. Before, Sarah was a reporter with CQ Legal writing about securities regulation, which is where she first started reporting on crypto. Sarah has also written for The Bond Buyer and American Banker , among other finance-related publications. She graduated from the University of Missouri and earned a degree in print and digital journalism. Sarah is based in Washington DC, and is an avid coffee lover. You can follow her on Twitter @ForTheWynn.
