Crypto ownership is not highly correlated with party affiliation, but it could make up its own voting bloc, a Paradigm poll says.
Despite partisan posturing in the halls of Congress, a greater portion of Democratic voters in the United States own cryptocurrency than Republicans, according to a new poll released by investment firm Paradigm on March 14. Neither party can be trusted to handle crypto correctly, those voters said.
A total of 19% of registered U.S. voters own crypto, Paradigm found. Among them were 19% of Democrats, 18% of Republicans and 24% of independents. Only 7% of voters own more than $1,000 in crypto, compared with 32% who own stocks. Nonetheless, Paradigm notes:
Former U.S. President Donald Trump enjoys a healthy lead among crypto-owning voters, with 48% support, compared with 39% for current U.S. President Joe Biden. The remaining 13% were undecided. That is a significant shift since the last presidential election, in which 43% of crypto-owners voted for Biden and 39% for Trump. The pollsters concluded:
