Poll shows Kamala Harris will gain support from crypto owners

Kamala Harris might have found a surprising group of potential supporters—crypto owners. 

According to a recent poll by venture capital firm Paradigm, Kamala has a chance to win over these voters, who have leaned toward cryptocurrency as a key issue in the upcoming election.

The poll, conducted by Mercury Analytics from July 25th to August 1st, surveyed 804 registered Democrats. The results show that there’s a huge chunk of Democratic voters who aren’t fully committed to Kamala yet. 

Crypto voters are the key

So, what’s the deal with these crypto voters? Well, 13% of the Democrats polled said they’re not planning to vote for Kamala—they’re either leaning towards Trump, backing a third-party candidate, or still undecided. 

Interestingly, those who are considering Trump are more likely to have bought cryptocurrency. In fact, 18% of the non-Kamala Democrats have dabbled in crypto, and the Trump-leaning ones are buying at double that rate.

This means Kamala has a real opportunity here. If she can connect with these crypto enthusiasts, she might be able to bring some of these voters back into the Democratic camp. 

The poll also shows that 21% of those not backing Kamala feel that the current administration has been too hostile towards crypto.

Financial privacy and power concerns

But it’s not just about crypto for these voters. The poll also revealed that financial privacy is a big deal for Democrats. 

72% of respondents believe that personal financial transactions should generally be kept private and only be accessible to government agencies when absolutely necessary. 

Additionally, 78% of Democrats think it’s important that people have a way to pay for reproductive care without their transactions being tracked by the state or federal government.

And it doesn’t stop there. Nearly all Democrats in the poll are also worried about protecting their purchasing power. About 80% said it’s very important or extremely important that their money holds its value over time. 

These concerns align closely with the principles behind cryptocurrency, which is designed to offer an alternative to traditional financial systems that are often seen as unstable or prone to inflation.

One of the most interesting findings in the poll is that crypto is particularly popular among Democratic voters of color. About 18% of Democrats overall have bought crypto, but this number jumps among non-white voters. 

22% of Black Democrats, 25% of Hispanic Democrats, and 27% of Asian American and Pacific Islander (AAPI) Democrats have invested in cryptocurrency.

Even among those who haven’t bought crypto, there’s a strong positive sentiment. For example, 28% of Black Democrats, 32% of Hispanic Democrats, and 27% of AAPI Democrats believe that crypto plays a positive role in the U.S. economy. 

Compare that to just 13% of white Democrats who feel the same way, and it’s clear that crypto is resonating more with voters of color.

Right now, 12% of Democrats are still holding crypto. In comparison, 33% of respondents own stocks. What’s more, 8% have first bought crypto within the last year, and 3% have done so in just the past few months.