Political science experts are divided on the potential impact of crypto voters on the upcoming US presidential election in 2024. While opinions vary, they all agree on one thing: the number of voters concerned about cryptocurrency is growing.
The Politics of Crypto
A recent article published by the Northeastern University press explored the potential impact of the so-called “crypto bloc” on the 2024 US presidential election. According to polling data, there is a clear political inclination among those who hold crypto compared to those who don’t. However, it remains unclear how many voters consider cryptocurrency a major political issue.
The Impact of Voters on Election Outcomes
A recent scientific poll conducted by Fairleigh Dickinson University indicates that those who own crypto favor former US president and current candidate Donald Trump by a margin of 12 points over his Democrat opponent, Kamala Harris. The question remains whether this bloc of voters will have significant impact on the election. Recently, Trump has intensified his efforts to reach out to the crypto community, while momentum from the Harris campaign has also prompted some industry executives to show support for the Democrat candidate.
Experts' Opinions
Northeastern University professor Ravi Sarathy believes the issue is more complex. “Both Republicans and Democrats own crypto,” Sarathy noted, adding that “the amount of people who are now aware of and investing in Bitcoin has grown compared to before these ETFs were approved.” In his view, “the constituency for bitcoin has grown in size,” indicating that it could end up being a larger factor than some predict. Nick Beauchamp, an associate professor of political science at the same university, had a slightly different perspective. He stated, “The crypto ‘voting block’ is not voters but donors,” and noted that cryptocurrency appears on almost no one’s list of important issues.
In conclusion, experts continue to debate the significance of crypto voters in the upcoming elections, but one thing is clear – the number of people interested in cryptocurrency is on the rise.
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