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A survey conducted at Fairleigh Dickinson University’s Poll (FDU Poll) shows clear political affiliations digital currency holders have with the former President of the United States, Donald Trump, and the Current Vice President, Kamala Harris.
The FDU Poll, conducted by Dan Cassino, a professor of government and politics, estimated that one in seven voters now owns cryptocurrency. Out of these owners, 50% support former President of the United States Donald Trump, who has recently changed his perception of the crypto market.
VP Kamala Harris on the other hand receives a 38 percent approval rating from the same audience. These changes are a notable shift in Trump’s attitude toward cryptocurrencies and their initiatives, as he described bitcoin as a scam a little earlier.
On the contrary, the survey reveals that non-crypto owners are more likely voters to support Kamala Harris with 53% as opposed to Trump support with 41%. This divergence highlights how other social and economic aspects that could inform the vote could differ to lead to this split.
Users who do not own cryptocurrencies, possibly less concerned with the stepper-risk and higher stakes associated with the ownership of digital currencies, might prefer Harris’s more conventional policy stances on economic matters over Trump’s aggressive and mercurial positions.
The FDU Poll also provides users with insights on the aspects of gender differences in cryptocurrency ownership. Currently, there is a higher ratio/representation of men as they are twice as likely to invest than women. In the view of Cassino, there are many men who do not just buy cryptocurrency for the sake of it, but it is a way of attaining the standard social norms of success and financial self-sufficiency. This perception could be especially evident in males who are not traditionally masculine but carry some traditional values for example, the man’s right to lead and provide for the family.
Notably, the survey also shows that men who affirmed that they are ‘completely masculine’ are less likely to own cryptocurrencies than men who deny this identity but embrace at least some of the traditional masculine norms. Regarding the ownership of cryptocurrency, 37% of this latter group has invested in this asset, much more than the 18% of other men. For such people, Trump’s polemics on the anti-immigration, anti-China, and anti-DEI seem more truthful.
Trump's latest interaction with the crypto community has been quite direct and purposeful. At the Bitcoin 2024 conference, he even pledged to remove regulatory hurdles and went so far as to call for the creation of a national Bitcoin reserve. His campaign now accepts cryptocurrencies, but it had to refund $1 million donated by the Winklevoss twins because of some rules.
