Crypto voters are bipartisan in desire to update the system: Coinbase

The upcoming November presidential election in the United States is fast approaching, and cryptocurrency remains a highly debated issue among both candidates and voters.

A study by Coinbase released on July 11 revealed that crypto voters, in particular, are “going to make a big difference” in the key races, with 1 in 6 crypto owners living in the seven key battleground states.

Young crypto voters

According to the study, crypto voters are “younger and more diverse” with Gen Z and Millennials making up 65% of registered voters who own crypto. 

Among the registered voters, 40% reside in swing states — those states that could be won by either the Democratic or Republican candidate.

Registered voters who own crypto make up 35% of non-white voters, making the pool of crypto voters a diverse bunch.

Not only are these voters younger and more diverse, but they were also revealed to be active in the political race with 9 out of 10 registered voters that own crypto likely to vote in the Nov. 5 election.

Moreover, those voters said they were four times more enthusiastic about voting for a pro-crypto candidate than not.

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Bipartisan approach

This group of voters also proved to be more bipartisan, with 35% claiming to be Democrats, 34% Republicans and 31% saying they are persuadable when it comes to the party to which they belong. 

The statistics were similar among registered voters holding crypto in swing states.

Overall, crypto voters are eager to see a candidate that supports the industry with a more innovative and pro-crypto outlook.

Some in the crypto space have even established nonpartisan organizations to influence U.S. crypto voters, such as Stand With Crypto and the Bitcoin Voter Project, which was started by a group of mining executives .

Candidates have even begun to catch on to the momentum of the crypto vote, and some researchers suggest that they may be using crypto to influence the election results and turnout.

Initially, the Republican candidate and former president Donald Trump appeared to be a more crypto-friendly choice, though his true motives have been questioned. Whereas the sitting president and Democratic nominee Joe Biden has taken some heat from the community for initially not being as pro-crypto as his opponent.

Robert Kennedy Jr., who was the first presidential candidate to accept campaign donations in Bitcoin, and Donald Trump both pledged to push back on the development of a central bank digital currency (CBDC) in the U.S.

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