Coinbase says that Gen Z and Millennials, who now make up 40% of qualified voters, are becoming more and more dissatisfied with the current financial system. These complaints may affect how they vote.
The study says that people aged 18 to 34 are more likely than older Americans to own cryptocurrency (25% of those aged 18 to 34 do so compared to 14%).
Young people who are interested in crypto are getting ready to go to the polls and voice their views. To win their support, candidates will need to talk about digital currencies and blockchain technology.
Trump And Harris Battle
It’s already clear that younger votes have an effect. People under 30 years old voted in record numbers in 2020, especially in key swing states like Arizona and Georgia. 51% of these people are likely to back candidates whose policies are friendly to crypto in 2024.
Crypto has become a problem that affects both Democrats and Republicans. Young people who own cryptocurrency in swing states are evenly split between Democratic (41%) and Republican (39%) parties.
This election season, both major parties have taken pro-crypto views to get people to vote for them. Donald Trump, the Republican nominee, used to be skeptical about Bitcoin but now supports it. He has even set up a fundraising page on Coinbase that accepts donations in a number of cryptocurrencies.
In reaction, the pro-Harris group “Crypto for Harris” has been working hard to get support from the crypto community. They want to counteract the efforts of the Republicans and make Harris more popular with people who like digital assets.
