Get Premium Data for Cyber Monday: Up to 55% Off InvestingProCLAIM SALE

Trump Or Biden? New Poll Reveals Which 2024 Candidate Voters With Crypto Holdings Surprisingly Prefer

Published 15/03/2024, 05:11
© Reuters.  Trump Or Biden? New Poll Reveals Which 2024 Candidate Voters With Crypto Holdings Surprisingly Prefer
BTC/USD
-

Benzinga - by Mehab Qureshi, Benzinga Staff Writer.

A new poll reveals that former Donald Trump is currently the top choice for U.S. voters who own cryptocurrencies.

What Happened: Paradigm, an investment company focused on crypto, commissioned the survey which was conducted by Public Opinion Strategies and released on Thursday.

The data shows that nearly half, or 48%, of cryptocurrency owners surveyed, intend to vote for Trump, while President Joe Biden garnered support from 39%.

However, the poll’s margin of error at 3.5% suggests the competition may be tighter than it appears.

During the online survey, 1,000 voters were queried, with approximately 7% revealing they hold over $1,000 in cryptocurrencies. Additionally, 19% reported having bought cryptocurrency at some point.

However, the poll also uncovered a lack of trust in either political party when it comes to handling crypto policy, with 49% of respondents expressing distrust towards both Democrats and Republicans alike. This sentiment also extends to Trump and Biden supporters, with neither group showing confidence in their party's crypto policies.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: In a statement about the poll’s findings on Paradigm’s blog, Justin Slaughter and Dominique Little wrote: “Large numbers of voters are looking for policymakers who can boldly light a path forward on crypto policy.”

The poll findings also reflect a growing interest in the Bitcoin (CRYPTO: BTC) market among individuals, noting that more than 10% of those surveyed have either purchased (6%) or plan to purchase (6%) a Bitcoin exchange-traded fund (ETF).

This interest seems to align with the Security and Exchange Commission’s (SEC) recent warm reception toward Bitcoin spot ETFs, which was well-received beyond just institutional investors.

Price Action: At the time of writing, the price of Bitcoin was $67,000, down 8% in the last 24 hours, according to Benzinga Pro.

Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.