crypto investors are more inclined to vote for Republican presidential candidate Donald Trump than Kamala Harris

Donald Trump and Kamala Harris

A new poll from Fairleigh Dickinson University discloses that 1 in 7 voters in the US have put money into crypto, and these crypto investors are more inclined to vote for Republican presidential candidate Donald Trump than Kamala Harris.

The survey canvassed a national list of over 800 registered voters from August 17 to 20. Participants were asked if they had ever invested in crypto or non-fungible tokens (NFTs) and if they've ever traded stocks, options, or crypto on Robinhood or E*Trade.

As per the survey, crypto holders are 50 per cent more inclined to back Trump, while just 38 per cent are likely to cast their vote for Harris.

"Trump has been reaching out to the crypto community, and it seems to have paid off," Dan Cassino, the executive director of the poll at FDU, said.

"It might be easy to dismiss them as insignificant, but I don't think people realise exactly how widespread crypto ownership is," he added.

Crypto owners now represent 50 million Americans, making them a crucial segment of the electorate. Candidates are mindful of their increasing political influence, with Trump wooing crypto voters at a recent Bitcoin conference in Nashville, Tennessee. On stage, Trump vowed to create a strategic bitcoin reserve and free Ross Ulbricht, who is currently imprisoned for his role as the founder of the drug marketplace Silk Road.

However, non-crypto holders surveyed by FDU strongly favour Harris. These respondents show 53 per cent support for Harris compared to only 41 per cent for Trump, showing a 12-point lead for Harris.

"The ideology underlying crypto is based on distrust of existing power structures, and that makes it a reasonable fit for Trump," said Cassino about the results.

"The fact that crypto owners aren't conservatives or liberals or MAGA voters means that they're up for grabs, and in an election that's expected to be close, they're too big a group to ignore."

The data also showed that Republicans scored higher (18 per cent) than Democrats (11 per cent) in terms of their crypto ownership.