Five Percent of Single-Issue Crypto Voters Could Determine Presidential Election Outcome According to Paradigm Report

Five Percent of Single-Issue Crypto Voters Could Determine Presidential Election Outcome According to Paradigm Report

A recent report from crypto investment firm Paradigm reveals that five percent of U.S. voters who own cryptocurrency identify as single-issue crypto voters. This demographic could potentially swing the results in the upcoming presidential election. The national survey polled 1,000 likely voters online and included an oversample of 247 independent voters.

Paradigm's findings indicate that 20 percent of respondents have invested in cryptocurrencies. Among these investors when asked if government policy on crypto is the most crucial factor in selecting a candidate for office five percent responded affirmatively. Additionally 46 percent of the surveyed voters expressed the belief that cryptocurrency will play a significant role in the economy over the long term rather than being merely a passing trend.

The report underscores the potential impact of this five percent voting bloc in what is expected to be a closely contested election. In key swing states such as Pennsylvania Michigan Wisconsin and Georgia where outcomes could be determined by margins of just one to two percentage points every vote will matter. Currently Vice President Kamala Harris leads with 48 percent support compared to 46 percent for former President Donald Trump among all voters. However among the 20 percent of voters who have purchased cryptocurrency both candidates are tied at 47 percent.

Notably Harris maintains a slight lead of 48 percent to 45 percent among voters who have not invested in crypto. It remains to be seen whether crypto owners will indeed serve as the deciding factor in this year's election. Among the crypto-owning respondents 58 percent believe Trump would be more beneficial for the crypto industry while 42 percent prefer Harris.

From the same group of crypto investors seven percent indicated they think Trump would be better for the industry but plan to vote for Harris. Conversely two percent believe Harris would be better for crypto but are backing Trump instead. Overall the findings suggest that voters perceive both candidates as more favorable towards technology and innovation compared to the current Biden administration.

As cryptocurrency adoption in the U.S. continues to evolve the report indicates that attitudes toward crypto are maturing among the electorate. The data reveals that 20 percent of those polled have engaged with cryptocurrencies such as Bitcoin or Ethereum while another 15 percent are likely to invest in crypto in the coming year. These figures are even higher among independent voters rising to 21 percent and 18 percent respectively.

Additionally one percent of respondents indicated they began investing in crypto within the last few weeks including three percent of independent voters. Meanwhile 35 percent of individuals stated they have not yet invested in crypto but may consider doing so in the future while 44 percent indicated they have never used crypto and do not plan to. The poll also highlights a gender disparity with 29 percent of men and 12 percent of women having invested in cryptocurrencies. Notably the percentage of non-white voters who have purchased crypto decreased to 23 percent compared to earlier this year while the proportion of white voters who have invested increased to 19 percent.