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Cryptocurrency, Featured

Could Crypto Voters Be the Deciding Factor in the 2024 US Elections?

According to a survey conducted in December 2023, 454 voters displayed a noteworthy trend of “ticket-splitting.” This was by supporting candidates from both the Republican and Democratic parties for the upcoming 2024 U.S. Presidential and Congressional elections.

The participation of crypto users in the 2024 US elections is expected to be significant. Moreover, they could become a crucial swing voting bloc in many races that are likely to have narrow margins.

Crypto Voting Bloc Plays a Crucial Role in 2024 US Elections

A recent poll by the CCI reveals that a significant portion of crypto-focused individuals consider a candidate’s stance on digital assets to be a crucial factor in their voting decision. The poll shows around 83% prefers a presidential candidate who aims to establish clear regulations for the cryptocurrency industry to foster its growth. Thereafter, indicating that the crypto voting bloc could play a significant role in the 2024 US elections.

It’s interesting to see how the involvement of crypto voters in the upcoming 2024 US elections could potentially impact the results of the election. Former US Senator Cory Gardner’s statement highlights the significance of the crypto voting bloc and the crucial role they could play in determining the outcome of tight races. It’s clear that crypto voters want Congress to prioritize cryptocurrency regulation, and political parties that prioritize this issue could earn their trust.

What Indicates the Influence of Crypto Voting Bloc on the Upcoming US Elections?

A survey of December 2023 with 454 U.S. voters, shows that the primary issue for them when deciding on the next president and members of Congress was inflation and the cost of living at 31%. It’s interesting to note that 89% of those surveyed viewed cryptocurrencies favorably. 

In a hypothetical scenario when they had a choice between Joe Biden and Donald Trump in 2024, 51% said they would vote for Trump. However, 46% said they would be more likely to vote for Democratic members of the House and Senate. This is in comparison to 42% saying they would vote Republican. These findings indicate the potential influence of the crypto voting bloc on the 2024 US elections. Thereafter, how their choice could impact the election’s outcome.

A Trend of ‘Ticket Splitting’ Among Crypto Voters

According to CCI, crypto owners tend to favor a Democratic candidate over a Republican for Congress by 4 points. However, they would choose Donald Trump over Joe Biden by 10 points if a head-to-head match-up were held. This indicates a significant trend of “ticket-splitting” among crypto voters.

As of now, both President Biden and Trump are leading their respective parties by significant margins in the polls. Experts believe that if a general election takes place between the two, it could be a close race. Moreover, potentially too close to call.

Recent polls indicate that President Biden’s handling of the Israel-Hamas conflict may make him lose support from members of the Democratic party. On the other hand, former President Trump is facing various legal challenges. Thereafter, including multiple felony charges at the state and federal levels. With efforts to remove him from the ballot under the 14th Amendment. Furthermore, following the Capitol riots by his supporters in January 2021.

Also Read- 5 Best Crypto Business Ideas With Guaranteed Profits in 2024

Looking Forward

The 2024 election season will begin with the Iowa caucuses on January 15. Moreover, the Republican Party is preparing for it. According to recent polls of January 2, former President Trump is leading by a significant margin. With around 30 points in comparison to other leading candidates such as Florida Governor Ron DeSantis and Nikki Haley. Pro-crypto candidate Vivek Ramaswamy is polling at approximately 6%.

 

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