Crypto Owners' Votes Could Impact 2024 Election

Crypto owners, especially younger and minority voters, could have a decisive impact in the 2024 presidential election according to Galaxy Digital. Nearly 20% of registered voters own crypto.

Crypto owners currently favor Trump over Biden (48% to 39%) according to a Paradigm poll. Some 2020 Biden voters who own crypto are switching to Trump, possibly due to crypto regulation concerns.

Crypto PACs like Fairshake are spending big, over $85 million so far, to influence key 2024 races and support crypto-friendly candidates.

Bitcoin recently hit a new all-time high over $73,000 driven by the launch of the first Bitcoin ETFs in the US.

With FTX founder Sam Bankman-Fried's case resolved, Galaxy Digital argues the crypto industry is poised for growth heading into the 2024 election.