Coinbase reports that 27% of California voters own cryptocurrencies, likely to influence this year’s presidential election
“Cryptocurrency policy is important in Californiaâ€
Coinbase, a major U.S. cryptocurrency exchange, said on the 9th that 27% of adults in California own cryptocurrencies, which it believes will play an important role in the 2024 U.S. presidential election.
Coinbase refers to the poll results as follows:
According to data from Morning Consult, 8.2 million California adults (27% of Californians) own cryptocurrencies.
Additionally, California crypto holders represent the next generation of voters, with 40% of them between the ages of 18 and 34, according to a new poll by Toluna.
Additionally, nearly four out of five crypto owners in California said they were “more likely to support a candidate who supports the crypto industry.†He also said the cryptocurrency industry creates jobs and geopolitical strength for the United States.
It also noted that nearly seven in 10 crypto owners in California said the current financial system unfairly favors powerful interests and hurts people’s ability to build wealth.
In response to these results, Coinbase is calling on California policymakers to heed “voters’ voice to embrace cryptocurrency and blockchain innovation and democratize an outdated financial system.â€
Coinbase is a California-based company. The content of this article is also based on Super Tuesday, which is approaching on March 5th.
Super Tuesday is a day when primaries and caucuses related to the presidential election are held in many states in the United States, and it is a critical time when candidates are narrowed down. A primary election will also be held in California.
In this presidential election, virtual currencies and central bank digital currencies (CBDCs) are also becoming one of the policy issues.
connection:Virtual currency-related policies will be one of the issues in the US presidential election in November 2024
The outlook for Millennials and Gen Z
In a national survey, Coinbase found that a majority (51%) of Millennial and Gen Z adults say they are likely to support a crypto-friendly candidate in the 2024 election. He also said.
By 2028, this generation will make up the majority of American voters.
The Millennial generation generally refers to the generation born from the early 1980s to the mid-1990s. Generation Z is generally born between the late 1997s and 2012, and is characterized by having grown up in an environment where the Internet and digital technology were widespread.
In 2019, U.S. cryptocurrency investment firm Grayscale also expressed the belief that a portion of the future wealth that millennials will inherit will flow into the Bitcoin (BTC) market.
connection: U.S. Grayscale executive pays attention to the “huge wealth†inherited by Millennials
What is Coinbase?
It is a virtual currency exchange headquartered in San Francisco, California, United States. Founded in 2012. A person with experience as an engineer for the world’s largest private lodging service and a person with experience as a foreign exchange dealer for a major securities company jointly launched a business that quickly became a top venture in the virtual currency industry. It was listed on the US NASDAQ market in April 2021.
Virtual currency glossary
connection:
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Half-life special feature
We have introduced the “Heat Map†function to the CoinPost app for investors!
In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.â– Click here to download the iOS and Android versions
https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU— CoinPost (virtual currency media) (@coin_post) December 21, 2023
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