he cryptocurrency platform Coinbase, expects pro cryptocurrency voters to have a huge impact on the next presidential elections. According to their surveys, Genz z and Millennials which currently represent around 40% of voters are more prone to vote for politicians that are supporting the crypto industry and innovation in the USA
Financial System Dissatisfaction
Most Americans are not satisfied with the current financial system and the state of the economy, especially young Americans. This is mainly due to the overall cost of living that is increasing due to high inflation, high fees, and the difficulty to find jobs that meet their lifestyle, hence why many young Americans are looking for new alternatives such as crypto.
Non-Partisan Appeal and Voter Turnout
For the first time in Bitcoin history, we are witnessing politicians from both parties, Democrats and Republicans, publicly endorsing Bitcoin, especially true in the swing states. Pro crypto voters that are below the age of 35 years old in these states are mostly supporting the democratic party with 41%, and 39% Republicans, with the remaining supporting the independent movement.
Battleground State Impact
Young pro crypto voters have the most influence on the elections in key states such as Georgia, Arizona and Michigan. For example: In Georgia state, Crypto supporters now stand at three times the margin by which the state was won in the 2020 election.
Shifting Political Priorities
This is a change in political focus as the 2024 election draws near. As many as 22% of the voters in several key states view crypto as a major concern, which may force both the Democrats and Republicans to pay attention to crypto policies in order to win more votes and secure their spots in the 2024 presidential elections.
