Biden

Joe Biden

Donald Trump

Despite partisan posturing in the halls of Congress, a greater portion of Democratic voters in the United States own cryptocurrency than Republicans, according to a new poll released by investment firm Paradigm on March 14. Neither party can be trusted to handle crypto correctly, those voters said.
A total of 19% of registered U.S. voters own crypto, Paradigm <a href="https://policy.paradigm.xyz/writing/March-2024-Polling" target="_blank" rel="noopener nofollow">found</a>. Among them were 19% of Democrats, 18% of Republicans and 24% of independents. Only 7% of voters own more than $1,000 in crypto, compared with 32% who own stocks. Nonetheless, Paradigm notes:
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 “A fifth of the country is not a niche subgroup.”
</blockquote>
Former U.S. President Donald Trump enjoys a healthy lead among crypto-owning voters, with 48% support, compared with 39% for current U.S. President Joe Biden. The remaining 13% were undecided. That is a significant shift since the last presidential election, in which 43% of crypto-owners voted for Biden and 39% for Trump. The pollsters concluded:
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 “This data collectively shows that crypto owners are themselves a swing vote demographic, one that could be decisive if the election is yet another razor-thin race.”
</blockquote>
Still, 49% of all voters, and 45% of members of both parties, say they do not trust either party on crypto.
Overall, men ages 18 to 54 have the highest rate of ownership, at 40%. Crypto ownership is higher than average among African Americans and Hispanics, with 33% and 32%, respectively, trading or using cryptocurrency in 2024, up from 20% and 22% last year. 
Related: <a href="https://cointelegraph.com/news/coinbase-paradigm-firms-argue-fincen-crypto-mixer-rules-too-broad">Coinbase, Paradigm, others argue crypto mixer rules are a ‘waste of time’</a>
Since the Securities and Exchange Commission approved spot Bitcoin exchange-traded funds on Jan. 10, 6% of U.S. voters have invested in them, and another 6% plan to, the poll found. Another 22% are considering investing in them.
After Republican pro-crypto candidates Ron DeSantis and Vivek Ramaswamy <a href="https://cointelegraph.com/news/desantis-exit-leaves-two-pro-crypto-presidential-longshots">dropped out of the primary race</a>, only independent Robert F. Kennedy, Jr. and Democrat Dean Phillips were left to advocate for crypto, but neither are seen as viable candidates.
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 Source: <a href="https://twitter.com/JBSDC/status/1768330296049729862" target="_blank" rel="noopener nofollow">@JBSDC</a>
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Trump said he was “not a fan” of crypto during his administration, and <a href="https://cointelegraph.com/news/former-us-president-calls-crypto-a-disaster-waiting-to-happen">continued to speak unfavorably</a> of it after leaving office. Since then,&nbsp;<a href="https://cointelegraph.com/news/trump-cashes-out-ethereum-ordinals-debate-elon-musk-inscription">he has made millions</a> on the sale of nonfungible tokens, however.
Trump noticed that many pairs of his branded sneakers <a href="https://cointelegraph.com/news/trump-indicates-tolerance-cryptocurrency-if-elected">were paid for with crypto</a>. He said crypto has “taken [on] its own life” in an interview on March 11 that was widely seen as a shift in his position. Observers <a href="https://cointelegraph.com/news/trump-no-longer-anti-bitcoin">remain skeptical of Trump’s</a> allegiance, however. 
The poll was conducted between Feb. 28 and March 4 with 1,000 respondents. It has a margin of error of 3.5%.
Magazine: <a href="https://cointelegraph.com/magazine/truth-behind-ai-reply-guys-copilot-picture-panic-trump-deepfakes-ai-eye/">Truth behind AI reply guys, Copilot picture panic, Trump deepfakes: AI Eye</a>

Pro-crypto US voters turning to Trump, but don’t trust either party

Cointelegraph

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