5% of US voters identify as single-issue crypto voters — Paradigm poll

As an analyst with over two decades of experience in political polling and market trends, I find these findings intriguing, to say the least. The influence of single-issue crypto voters could potentially tip the scales in the 2024 Presidential election, a fact that underscores the growing importance of cryptocurrencies in our society.

A survey conducted by venture capital firm Paradigm in October 2024 found that approximately 5% of respondents stated they would vote based solely on crypto issues in the U.S. presidential election. These findings imply that this voting group could potentially sway the outcome of a closely contested election.

Based on a study by Paradigm, it was found that around a fourth of those surveyed who own cryptocurrencies identified as voters primarily concerned with crypto-related issues. This group consisted of 11% of young voters (aged 18-34), 8% of male participants, 7% of African American respondents, and 8% of Hispanic respondents.

As a passionate crypto investor, I’ve come across an intriguing observation: The blockchain-backing, single-issue voters account for roughly 5% of the electorate. Remarkably, this figure surpasses the narrow margins – often less than 2% – that decide elections in crucial swing states like Pennsylvania, Michigan, and Wisconsin.

5% of US voters identify as single-issue crypto voters — Paradigm poll

A recent survey indicates that a larger proportion (30%) of participants currently consider the Republican Party as more reliable in terms of cryptocurrency policies, while only slightly fewer (24%) believe this about the Democratic Party.

However, 42% of crypto voters indicated that they trust neither party regarding crypto regulation.

Presidential candidates neck-and-neck

Although supporters of cryptocurrency tended towards the Republican Party more than the Democrats according to the Paradigm survey, neither Donald Trump nor Kamala Harris held a clear lead in the overall vote count.

5% of US voters identify as single-issue crypto voters — Paradigm poll

These findings contrast to election betting odds on prediction markets like Polymarket, where former President Trump holds a significant 30-point lead over Harris. The former president’s lead increased sharply in early October — sparking fears of market manipulation.

Shortly thereafter, Polymarket initiated an examination and asserted that they had identified the pro-Trump stances originating from a solitary, anonymous individual, characterized as a French national with extensive background in finance and trade.

Crypto voters can swing the 2024 Presidential election

The findings from the Paradigm poll, suggesting that crypto enthusiasts voting on a singular issue might influence the outcome of the 2024 Presidential election, were similarly supported by the observations made by Dr. Tonya M. Evans, a law professor at Pennsylvania State University.

To CryptoMoon, the law professor clarified that the 2024 Presidential race could hinge on tiny differences in votes, as various distinct interest groups – such as those favoring cryptocurrency – might influence the final outcome of the election.

2024-10-31 00:15

Presidential candidates neck-and-neck

Crypto voters can swing the 2024 Presidential election

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