According to a new study by Coinbase, crypto voters are diverse, enthusiastic, and poised to influence key battleground states in the upcoming U.S. presidential election.

The November U.S. presidential election is fast approaching, and cryptocurrency remains a hotly debated issue among candidates and voters.

A study released by Coinbase on July 11 revealed that crypto voters, in particular, “will make a big difference” in key races, with one in six crypto owners living in the seven key battleground states.

Young Crypto Voters

According to the study, crypto voters are “younger and more diverse,” with Gen Z and Millennials making up 65% of registered voters who own crypto.

Among registered voters, 40% reside in swing states — states that could be won by either the Democratic or Republican candidate.

Registered voters who own crypto make up 35% of non-white voters, making the pool of crypto voters quite diverse.

Not only are these voters younger and more diverse, but they are also highly active in the political race, with nine out of ten registered voters who own crypto likely to vote in the Nov. 5 election.

Moreover, these voters said they were four times more enthusiastic about voting for a pro-crypto candidate than not.

Bipartisan Approach

This group of voters also proved to be more bipartisan, with 35% identifying as Democrats, 34% as Republicans, and 31% saying they are persuadable regarding their party affiliation.

The statistics were similar among registered voters holding crypto in swing states.

Overall, crypto voters are eager to see a candidate who supports the industry with a more innovative and pro-crypto outlook.

Some in the crypto space have even established nonpartisan organizations to influence U.S. crypto voters, such as Stand With Crypto and the Bitcoin Voter Project, which was started by a group of mining executives.

Candidates have started to notice the momentum of the crypto vote, and some researchers suggest they may use crypto to influence election results and turnout.

Initially, Republican Party candidate and former president Donald Trump appeared to be a more crypto-friendly choice, though his motives have been questioned. The Democratic Party nominee, President Joe Biden, has faced some criticism from the community for initially not being as pro-crypto as his opponent.

Robert F. Kennedy Jr. — the first presidential candidate to accept campaign donations in Bitcoin — and Donald Trump have both pledged to oppose the development of a central bank digital currency in the U.S.

Source: Cointelegraph