Harris needs crypto support to win undecided voters, survey shows

The survey, which polled 804 registered Democrats, found that 13% are undecided about voting for Harris.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Vice President Kamala Harris may need to attract more support from the crypto community to strengthen the Democratic Party’s chances of winning the November elections, according to a recent survey by crypto investment firm Paradigm.

The survey, which polled 804 registered Democrats, found that 13% are undecided about voting for Harris. Of these, 18% have invested in crypto, while 21% of these crypto investors feel the Biden administration has been “too hostile” toward the industry.

Non-Harris Democrats Voters (Source: Paradigm)

Overall, the survey indicated that due to the Biden administration’s perceived hostility toward crypto, a small but notable fraction of Democrats —between 1% to 2% — may be leaning toward Republican candidate Donald Trump.

The poll was conducted between July 25 and Aug. 1, shortly after Biden announced his withdrawal from the Democratic nomination. It has a 3.5% margin of error.

Democrats crypto

Meanwhile, the survey also revealed a growing interest in crypto among Democratic voters.

According to the report, 18% of Democrat voters have invested in crypto, with expectations that this figure will rise over the next year.

Among this demographic, 9% are “very likely” to invest in crypto in the coming year, and 18% are “somewhat likely.” Conversely, 54% indicated they are “not at all likely” to invest in the emerging industry.

Democrats Crypto Holders (Source: Paradigm)

Justin Slaughter, Paradigm’s policy director, pointed out that Democrats want the US to lead the world in high-tech software innovations “including cryptocurrency.” He said:

“If you think everyone dislikes crypto, that’s a sign you’re in an information bubble.”

Meanwhile, support for crypto is notably higher among non-white Democrats. While 18% of all Democratic voters reported owning crypto, the percentage is 22% among Black Democrats, 25% among Hispanic Democrats, and 27% among Asian American and Pacific Islander Democrats.

Democrats Crypto Holders (Source: Paradigm)

The survey also reveals that only 8% of respondents owned more than $1,000 in crypto, while only 5% owned more than $10,000.

Slaughter highlighted that the size of crypto holdings can influence election decisions. He noted:

“Among the 5% of Democrats who own more than $10,000 in crypto, 33% say it will be a voting issue for them, along with 23% of all crypto owners.”

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