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Home DeFi Web 3

Poll Shows Trump Holds 12-Point Lead over Harris Among Crypto Owners, Reveals Decrypt Study

Nathan Reiff by Nathan Reiff
August 30, 2024
in Web 3
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Poll Shows Trump Holds 12-Point Lead over Harris Among Crypto Owners, Reveals Decrypt Study
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A new poll
from Fairleigh Dickinson University (FDU) finds that likely voters who own cryptocurrencies—about one out of every seven registered voters—favor former President Donald Trump in the upcoming presidential election by 12 points. These results come as Trump and new ally Robert F. Kennedy Jr. have recently doubled down on
support for crypto
.

“Trump has been reaching out to the crypto community, and it seems to have paid off,”
wrote Dan Cassino, professor of government and politics at FDU and executive director of the poll.

The FDU poll found that crypto owners favor Trump to Vice President Kamala Harris 50% to 38%. This is in comparison to a Reuters/Ipsos poll from this week shows that Harris is leading Trump by 45% to 41%. The
largest betting pool
related to the outcome of the upcoming presidential election on
Polymarket
, meanwhile, has Trump leading Harris by a narrower 50%-48% margin.

“
Support for cryptocurrencies is very much a wedge issue that could win over voters that otherwise look more like Democrats,” Casino noted. “The fact that crypto owners aren’t conservatives or liberals or MAGA voters means that they’re up for grabs, and in an election that’s expected to be close, they’re too big a group to ignore.”

Notably, among respondents who did not own crypto, it was Harris that had a 12-point, 53%-to-41% advantage over Trump, according to the poll.

The nationwide poll of 801 respondents found 15% of registered voters say they have owned cryptocurrencies, with crypto owners skewing toward young, male members of racial minorities. FDU is based in New Jersey.

Trump has positioned himself as a
crypto-friendly candidate
in recent months after previously voicing opposition. He gave a keynote address at last month’s
Bitcoin 2024 conference
in which he called for the U.S. to be the “crypto capital of the planet.” Kennedy, who recently voiced his support for Trump after suspending his own presidential campaign, has
called for a strategic Bitcoin reserve
and suggested putting “the entire U.S. budget on blockchain.”

Trump’s increasingly vocal support for cryptocurrencies has resulted in millions of additional dollars in
donations from crypto backers
. It may have also positioned him well to launch
multiple lines of NFTs
, which are estimated to have generated millions.

Trump has also recently stepped up to
promote his sons’ crypto project, World Liberty Financial, expected to be a decentralized finance (DeFi) play
.

While Harris’ campaign has said that
she supports policies
to help the crypto industry continue to expand as well, she remains strongly associated with the Biden administration, and aggressive crypto enforcement by the U.S. Securities and Exchange Commission and its chair Gary Gensler.


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Conclusion:

As the presidential election approaches, it is evident that the crypto community’s sentiments are shifting towards former President Donald Trump. With his newfound support for cryptocurrencies and innovative proposals like a strategic Bitcoin reserve, Trump has managed to engage with crypto owners effectively. This outreach has translated into a significant advantage for Trump among crypto owners, as indicated by the FDU poll.

On the other hand, Vice President Kamala Harris continues to lead in traditional polls but faces an uphill battle in winning over the crypto community. The intersection of politics and crypto has created a unique dynamic where candidates must navigate the evolving landscape of digital assets to secure voter support.

It will be interesting to see how this trend unfolds in the lead-up to the election and whether crypto owners will play a decisive role in determining the outcome. In the realm of decentralized finance and blockchain technology, the influence of crypto on political preferences is a fascinating development that merits further exploration.

Stay informed with the latest news and updates on the intersection of politics and cryptocurrencies by subscribing to the DeFi Daily News for authoritative insights and trending articles.



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Tags: 12PointamongCryptoDecryptHarrisHoldsLeadownersPollRevealsshowsStudyTrump
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