WEBVTT

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- American cryptocurrency
owners are equally divided over

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whether they prefer Kamala Harris

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or Donald Trump to take office next year.

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According to a new morning
consult Paul conducted

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for the crypto exchange, Coinbase

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cryptocurrency has become a
pivotal issue in this year's US

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Presidential election.

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Former President and Republican candidate,

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Donald Trump has positioned
himself as a crypto candidate.

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While Democratic candidate

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and vice President Kamala
Harris has voiced her support

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for the crypto and blockchain industry.

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The shift in the political
landscape is a star contrast

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to just a few years ago
when both major parties were

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skeptical about the
future of cryptocurrency.

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The coin based report revealed

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that 52 million Americans
own cryptocurrency in 2023,

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which is seven times more
than the national vote

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differential in the 2020
presidential election.

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Additionally, cryptocurrency
owners are concentrated in

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swing states, which will be crucial

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for either candidate's victory
in the November election.

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The report says, when we looked
at the ownership by state,

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around 6.5 million crypto
owners living in the seven

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battleground states,

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that is more than 16
times a vote differential

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combined in these states.

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In the 2020 presidential election, 76%

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of crypto owners living
in America say they own

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cryptocurrency because it
gives them a sense of freedom.

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And nearly 87% believe

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that the current financial
system needs an update

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according to the report.

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Additionally, 74% of
crypto owners want Congress

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to pass a clearer crypto regulation bill.

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The report highlights

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that crypto owners are
significantly more diverse than the

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general US adult population.

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68% of crypto owners are
Gen Z or Millennials.

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48% identify as non-white

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and 70% earned less
than $100,000 annually.

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According to the report, they will vote

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for a crypto friendly
candidate in November.

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The report points out

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that the data contradicts
the common perception

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that most crypto owners are
Republican or libertarian.

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They are a bipartisan group in terms

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of political identification
and electoral intention.

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The report says they are
just as likely to vote

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for Kamala Harris as
they are Donald Trump.

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I am VII reporting for courts.

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Thanks for watching,
and stick with qz.com.