Approximately 48% of voters owning digital assets plan to vote for Donald Trump in the upcoming US presidential election, according to a survey by Paradigm.
Another 38% prefer the current head of state, Joe Biden, while 13% remain undecided. Meanwhile, 69% of respondents are dissatisfied with the current state of the country’s financial system.
The survey indicates that 19% of registered American voters own digital assets. Of these, 7% hold cryptocurrencies worth more than $1,000, and 1% hold more than $10,000.
Researchers noted that a fifth of the population cannot be considered a niche subgroup. Cryptocurrency holders represent a larger segment of the electorate than often estimated by politicians.
49% of those surveyed stated they do not trust either US party on digital asset issues. Researchers believe this presents additional opportunities for both Republicans and Democrats if they focus on developing comprehensive industry regulations.
In December 2023, it was revealed that cryptocurrency companies allocated $78 million to support the Fairshake political action committee, which advocates for industry-friendly presidential candidates in the US.
In March 2024, Republican Party leader Donald Trump stated he does not plan to interfere with the use of Bitcoin or other digital assets if he wins the election in November.
He described the leading cryptocurrency as an “additional form of currency” that will require specific regulatory oversight from authorities. In Trump’s view, Bitcoin has already “taken on a life of its own.”