In recent years, Bitcoin holders have started to play a significant role in American politics, emerging as a notable electorate.
Impact of Bitcoin Holders on Elections
Recent studies and polling conducted by Cygnal show that Bitcoin ownership has become an important indicator of political beliefs and influence. A survey conducted between June 19-21 among 800 potential voters found that BTC holders have become a significant force both globally and domestically. 'The Bitcoin constituency is now a critical one in elections,' said Brent Buchanan, President of Cygnal.
Demographics of BTC Owners
According to the polling data, Bitcoin owners are generally younger and more educated with higher income levels compared to the average voter. Despite their involvement in cryptocurrency, they show low propensity to vote, needing a 'nudge' to head to the polls. 53% of Bitcoin holders are likely to vote in person on election day or cast an early vote.
Political Preferences and Views of Bitcoin Holders
Bitcoin owners tend to lean towards supporting Republicans more than the Republican Party itself. In the latest elections, 59% of Bitcoin holders voted for Donald Trump, a significant deviation from the preferences of the general electorate. Moreover, the survey indicated that Bitcoin holders are more concerned about inflation and economic issues than other voters.
With the increasing influence of Bitcoin holders on the political landscape in the US, there is a clear trend towards the formation of a new electoral bloc, which is also reflected in changing political preferences.
