Five percent of polled US voters who are also crypto owners identify as single-issue crypto voters, and according to a report by crypto investment firm Paradigm, these people could determine the margin of victory or defeat in the upcoming Presidential election.
The national survey included 1,000 likely voters polled online and an oversample of 247 independent voters.
Paradigm found that 20% of the poll respondents have invested in crypto.
They asked these investors if they’d describe themselves as single-issue crypto voters, “in that government policy on crypto is the most important policy you consider when selecting a candidate for office?”
5% of that group answered ‘yes.’
Additionally, 46% of respondents said that they think crypto will be a major part of the economy in the long term, not just a short-lived fad.
‘5% is More Than Margin of Victory’
Paradigm suggests that this election will be very tight. Every vote matters.
Vice President Kamala Harris and former President Donald Trump keep fighting for the voters in the key swing states.
“In an election where the key tipping point states like Pennsylvania, Michigan, Wisconsin, and Georgia are all likely to be decided by 1-2 points, 5% of voters is more than the margin of victory,” the report argued.
Among the polled voters, 48% are backing Harris for president, while 46% are backing Trump.
Notably, among the 20% of voters who have bought crypto, the candidates are tied at 47%.
Also, Harris leads 48% to 45% among most voters who have not bought crypto.
It will soon be clear whether crypto owners will be the margin of victory in this year’s election.
Meanwhile, 58% of crypto-owning respondents said Trump would be better for the crypto industry, and 42% said Harris would be better.
From this group, 7% – or just over 1% of all respondents – said they think Trump would be better for crypto but are voting for Harris.
Also, 2% of these voters – or less than 1% of all respondents – said they think Harris would be better but are voting for Trump.
Overall, “voters appear to see both Harris and Trump as leading an administration that is more positive on tech and innovation than the Biden Administration has been,” the report said.
Will Crypto Adoption in the US Grow?
The report noted that the views of crypto among the American electorate is maturing and expanding.
“Voters increasingly see crypto as a major part of their lives in the future,” it said.
As stated above, 20% of the polled voters said they invested in, traded, or used a cryptocurrency such as Bitcoin or Ethereum.
Another 15% said they will likely invest in crypto next year.
“These numbers rise to 21% and 18% among independent voters,” the researchers noted.
Also, 1% of respondents, including 3% of independent voters, say they have first invested in crypto in the last few weeks.
Meanwhile, 35% said they haven’t invested but may do so one day, while 44% said they never used crypto and do not plan to.
The poll shows that 29% of men and 12% of women have bought crypto.
The percentage of non-white voters who bought crypto was lower in this latest poll than in March, at 23%.
At the same time, the report said, the % of white voters who invested in crypto was higher than before, at 19%.
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