Summary
TLDR: Recent data shows that 48% of US crypto owners support Trump for the upcoming election, compared to 39% for Biden. Biden’s regulatory actions against crypto may be causing this shift. Trump’s support for Bitcoin and criticism of CBDCs may be attracting crypto investors. Scaramucci believes Biden’s traditional structures could benefit crypto.
Key Points
1. Recent data from a Paradigm poll shows that 48% of US crypto owners are leaning towards Donald Trump in the upcoming presidential race, with 39% favoring Joe Biden and 13% still undecided.
2. Around 19% of voters hold or plan to invest in cryptocurrency, with approximately 11 million registered voters owning more than $1000 worth of cryptocurrency.
3. Former White House Director of Communications Anthony Scaramucci believes that Joe Biden can impact Bitcoin and financial markets positively, while Trump’s administration’s proposed support for Bitcoin and crypto has been refreshing for US crypto investors.