Crypto Holders Disproportionately Favor Trump for U.S. President, New Academic Poll Shows

In a poll published on Friday, it was discovered that individuals who own cryptocurrency are more inclined to declare their support for Donald Trump compared to Vice President Kamala Harris in the upcoming U.S. presidential election. Approximately half (50%) of the survey participants who own crypto expressed their intention to vote for Trump, while only 38% of crypto owners indicated a preference for Harris.

For individuals not holding cryptocurrency, a significant gap emerged in voting preferences: 53% of those surveyed expressed their intention to vote for Harris, whereas 41% intended to support Trump.

Dan Cassino, a professor of Government and Politics at Fairleigh Dickinson and head of the poll, stated in a recent press release that Trump has been connecting with the cryptocurrency community, and it appears this strategy has proven successful. He further explained that while some might underestimate their impact, they may not fully grasp just how common cryptocurrency ownership has become.

According to a poll conducted by Fairleigh Dickinson, involving more than 800 registered voters across the country earlier this month, approximately 15% of those surveyed admitted to either currently holding or having previously owned cryptocurrencies or Non-Fungible Tokens (NFTs). This figure is similar to what other recent surveys have reported.

The survey revealed a trend where cryptocurrency ownership is more prevalent among younger males and ethnic minorities. For instance, 13% of white respondents reported owning cryptocurrency, while 17% of black respondents and 22% of Hispanic respondents stated the same.

Historically, it’s been challenging for Republicans to gain support among younger generations and diverse communities, noted Cassino. However, the backing of cryptocurrencies could potentially serve as a unique selling point to draw in voters who traditionally lean towards Democratic candidates.

This election season, the cryptocurrency sector has been a significant donor to political campaigns, as revealed by a study indicating that around half of all corporate donations to Political Action Committees (PACs) this year have originated from crypto firms such as Coinbase – who emerged as the largest corporate contributor in the 2024 campaign – and Ripple.