Main Points:
- Young crypto voters could sway the 2024 US elections
- Gen Z and Millennials frustrated with current financial system
- Youth demographic leads in crypto innovation
- Increase in voter turnout among younger voters
- Young voters inclined to support pro crypto-friendly candidates
- Political parties embracing pro-crypto sentiment to attract voters
Youth Influence in Elections
The upcoming 2024 US elections could see a significant impact from young crypto voters. Gen Z and Millennials, who represent 40% of eligible voters, are increasingly dissatisfied with the current financial system and may base their votes on these sentiments. This demographic also leads in crypto innovation, with a higher percentage of younger Americans owning crypto compared to older demographics.
Power of Young Voters
The influence of younger voters is already evident, with a notable increase in voter turnout among those under 30 in key battleground states like Georgia and Arizona during the 2020 elections. These voters are more likely to support candidates with pro crypto-friendly policies, indicating a potential shift in support for the 2024 elections.
Political Parties and Crypto Pandering
Both political parties are actively engaging in pro-crypto sentiment to attract the growing crypto voter base. Republican nominee Donald Trump has shown support for cryptocurrency during his recent campaign, even launching a fundraising page that accepts donations in various cryptocurrencies. On the other side, a pro-Harris group called “Crypto for Harris” has launched a campaign to secure support from the crypto community, aiming to counter Republican efforts in attracting crypto voters.
