“Strong Crypto Community Backing for Donald Trump’s 2024 Presidential Election Prospects Revealed in Paradigm Survey”

A recent survey conducted by leading crypto venture capital firm Paradigm indicates significant support from the crypto community for Donald Trump’s poll numbers in the upcoming 2024 US Presidential Election.

The survey, involving 1,000 registered voters, revealed that 48% of crypto owners plan to vote for the former president, with 39% intending to support current U.S. President Joe Biden.

Conducted by Virginia-based Public Opinion Strategies between February 28 and March 4, the latest polls coincided with Bitcoin’s price surge from $58,000 to an all-time high of $68,000.

Also, read- A deep dive Into Top 6 Types Of Cryptocurrency And Its All Time High Price Effect

However, when considering the broader spectrum of voters, the survey results closely align with those of other established polling firms. Among all registered voters, 45% favored Trump, while 42% supported Biden.

The poll also highlighted a prevailing lack of trust among voters towards both major political parties concerning crypto-related matters, with 49% expressing distrust in both parties. This sentiment was shared by 40% of Democrats and 30% of Republicans.

The Republican Party has exhibited more interest in crypto-related issues, particularly in relation to central bank digital currencies (CBDCs). Trump’s better poll numbers for the 2024 presidential election can be attributed to his pledge to eliminate CBDCs if re-elected, alongside congressional Republicans’ attempts to ban a U.S. CBDC.

The survey underscores the growing influence of crypto holders as a significant voting bloc, with 19% of voters currently owning or using cryptocurrencies and an additional 16% expressing interest in digital asset investments.

The analysis suggests that crypto could have impacted voting patterns compared to the 2020 election, with 43% of the crypto community recalling voting for Biden and 39% for Trump. This indicates potential shifts in allegiance due to actions taken by certain agencies within the Biden Administration.

Demographic shifts in cryptocurrency ownership were also noted, with higher ownership rates among communities of color and younger individuals. In 2024, 33% of African Americans and 32% of Hispanics owned or traded cryptocurrencies, compared to 20% and 22%, respectively, in the previous year.

The survey also captured the growing interest in spot Bitcoin ETFs, with 6% of voters already investing in crypto ETFs and an additional 6% planning to do so. Moreover, 22% expressed the possibility of investing in a spot Bitcoin ETF.

With a margin of error of 3.5%, the survey results provide reasonable confidence in the findings.