Kraken Report Shows Why Crypto Voters Could Determine US Election Winner

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As a seasoned analyst with decades of experience observing political landscapes and market trends, I find the potential impact of cryptocurrency voters in the 2024 election intriguing. The Kraken survey suggests a shift in voter sentiment that could indeed sway the election’s outcome, a notion that was unthinkable just a few years ago.

Lately, Kraken, a U.S.-based cryptocurrency trading platform, ventured into uncharted territory by making an unexpected forecast about the 2024 presidential election: It could be crypto enthusiasts who sway the outcome.

A recent analysis indicates that the diverse opinions among political candidates regarding cryptocurrency may significantly influence voter decisions. Consequently, a significant “cryptocurrency voting group” has arisen, potentially comprising up to 26 million American voters. Their stance on this topic could play a pivotal role in deciding who will occupy the White House.

Kraken Survey Suggests Crypto Voters Could Influence the 2024 Election

As an analyst, I’ve recently observed Kraken’s assertion that tech-savvy crypto voters might significantly influence the 2024 election. This established crypto exchange is optimistic about a prosperous future post-elections. They’ve even unveiled plans to introduce their own blockchain, tentatively named Ink, set to debut early in the next year. This innovative blockchain platform will be home to decentralized applications, empowering users to engage in token trading, borrowing, and lending transactions seamlessly and directly, without any intermediaries involved.

In contrast to the 2024 election landscape, cryptocurrency is typically not a significant concern for most voters, seldom even appearing on their priority lists. However, it continues to generate substantial political turbulence, with its concepts gaining traction among leading political figures.

Although it’s not yet widely recognized, cryptocurrencies are starting to make an impact on political policies and campaigns, as suggested by a recent survey conducted by Kraken. This indicates that cryptocurrency is increasingly relevant in the political sphere.

Could the 2024 election be swayed by crypto voters?

Our survey of crypto holding Americans indicates it just might be.

Let’s dive in to our survey numbers

— Kraken Exchange (@krakenfx) October 25, 2024

According to the latest poll conducted by Kraken, there’s been a significant change in public opinion regarding cryptocurrency among American voters. Almost half of them consider it crucial for the upcoming administration to incorporate policies specifically addressing crypto in their economic plan.

Voters Push for National Policies Beyond Personal Profit

Crypto is a crucial issue for voters planning to head to the polls in November, and it’s not just about personal profit.

Cryptocurrency owners yearn for enhanced protection and security for consumers, yet they view cryptocurrency as a significant contributor that could bolster the U.S. economy. In fact, an impressive 92% of crypto-voting enthusiasts are hopeful that digital currencies and blockchain technology can modernize the economy, create new employment opportunities, and present nationwide prospects for growth.

A substantial number, approximately 63.84%, express a strong optimism about the potential impact of cryptocurrency on the economy. This positive outlook also permeates a wider sense of confidence in America’s economic future, as more than two-thirds of crypto supporters are “very confident” and an additional quarter are “somewhat confident” that the U.S. will remain the world’s leading economy through 2030.

The Kraken report indicates that around 74% of the voters surveyed categorize themselves as “cross-partisan” or “split-ticket” voters, prioritizing issues above party affiliations. Moreover, more than 80% of these respondents suggest that pro-cryptocurrency policies could significantly impact their voting decisions.

Overall, crypto users bring strong economic optimism to their views on the country’s future.

More and more, Americans are looking for their political leaders to give priority to safe, user-friendly, and instructional cryptocurrency options as they participate in the growing digital economy.

Crypto Industry Leads 2024 Election Spending with Over $160M, Targets Key Races

2024 federal elections are being significantly influenced by cryptocurrency firms, as they’ve collectively invested over $160 million, outspending any other sector.

Following the placement of ads against prominent Democrats like Senator Katie Porter and Representative Jamaal Bowman (who both lost their primaries), crypto-backed organizations are now focusing on lesser-known races, such as the Senate election in Ohio where they have reportedly donated approximately $30 million to support Republican Bernie Moreno.

Lately, the Political Action Committee Fairshake has invested close to $40 million in Ohio since August, primarily to oppose Senator Sherrod Brown who is known for his anti-cryptocurrency stance.

These groups haven’t participated in the presidential election yet, but the candidates are well aware of their influence. Donald Trump is actively courting supporters who have an interest in cryptocurrencies, even suggesting a potential move involving digital assets; meanwhile, Kamala Harris has started acknowledging the importance of crypto interests.

Furthermore, if it’s impossible to outdo the crypto community in this contest, then the best course of action might be to align with them – even if just offering a nod in their direction. Notably, the Kraken report suggests that this approach could help gain voter recognition.

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2024-10-25 22:46