Crypto voters split evenly between Harris and Trump, Coinbase poll shows

American cryptocurrency owners are evenly split on whether they prefer Kamala Harris or Donald Trump to take office next year. according to a new Morning Consult survey conducted for cryptocurrency exchange Coinbase.

Cryptocurrency has become a key issue in this year’s US presidential election. Former president and Republican candidate Donald Trump positioned himself as a “crypto candidate”, while the Democratic candidate and Vice President Kamala Harris has voiced her support for the crypto and blockchain industry. This shift in the political landscape is a stark contrast to just a few years ago, when both major parties were skeptical about the future of cryptocurrency.

The result of changing perceptions is an even split between crypto enthusiasts. The report’s poll indicated that 47 percent of cryptocurrency owners plan to vote for Harris, while 47 percent say they will vote for Trump.

A significant increase in crypto holders

Coinbase (CURRENCY) The report showed that 52 million Americans own cryptocurrencies in 2023, which is seven times the national vote gap in the 2020 presidential election. In addition, cryptocurrency owners are concentrated in swing states, which will be crucial for each candidate’s victory in the November election.

“When looking at ownership by state, approximately 6.5 million cryptocurrency owners live in the seven battleground states,” the report said. “That’s more than 16 times the combined vote margin in these states in the 2020 presidential election.”

Seventy-six percent of cryptocurrency owners living in America say they own cryptocurrencies because it gives them a sense of freedom, and nearly 87 percent believe the current financial system needs an update, according to the report. Additionally, 74% of cryptocurrency owners want Congress to pass a clearer bill on crypto regulations.

Diversity among cryptocurrency owners

The report highlights that cryptocurrency owners are significantly more diverse than the general US adult population. Notably, 68% of cryptocurrency owners are Gen Z or millennials, 48% identify as non-white, and 70% earn less than $100,000 annually. According to the report, they will vote for a cryptocurrency-friendly candidate in November.

The report points out that the data contradicts the common perception that most cryptocurrency owners are Republicans or libertarians. “They are a bipartisan group in terms of political identification and electoral intent,” the report said. “He’s just as likely to vote for Kamala Harris as Donald Trump.”