Cryptocurrency Support Gains Momentum Among Young American Voters
Coinbase recently highlighted a significant trend among Americans born between 1981 and 2012.
According to recent insights shared in their blog post, a substantial portion of Millennials and Gen Zers express a strong inclination toward political candidates supporting digital assets in the upcoming US election.
Expressing their findings, Coinbase notes that these younger demographics not only possess an interest in owning cryptocurrencies but also exhibit a proactive approach. They are integrating crypto education into their academic pursuits, recognizing its potential in job creation. They are poised to advocate and vote for candidates in the 2024 election who align with their forward-thinking views.
The data reveals an evolving mindset among these generational cohorts, constituting a considerable segment of the voting population. In fact, they currently represent about 40% of eligible voters and are projected to constitute the majority by 2028. Approximately 51% of these individuals are inclined to support political candidates who endorse crypto-friendly policies.
Moreover, a substantial 39% of these younger demographics emphasize the importance of political endorsement for technologies such as cryptocurrency and blockchain for the benefit of future generations, in contrast to 28% of older Americans.
Coinbase based its insights on a comprehensive survey conducted in June, encompassing 1,000 participants from various generational groups, including Gen Z, Millennials, GenX, and Boomers. Additionally, the report, as cited in the blog post, involved interviews with 30 American adults aged 18-59, contributing to the depth of their analysis.