American voters who own crypto are on the rise
- The core group is mostly young men, with 58% of them being men under the age of 55, and 32% of crypto-owning voters being people of color
- 44% of voters nationwide identify as “crypto voters,” or those who own or are considering buying digital assets
- GMI PAC is preparing for election day
As the midterm elections approach, so-called “cryptocurrency voters” are becoming an increasingly sought-after bloc, according to a political action committee that just hit the ground running. According to pollsters, “crypto voters” are voters who own or are considering owning digital assets.
In January 2022, a crypto-focused group known as the GMI PAC was established with the support of Anthony Scaramucci of SkyBridge.GMI” is a well-known crypto slang term that means we’re going to make it.
A poll of voters regarding their views on cryptocurrencies was recently commissioned by the PAC and its Policy Institute. Global Strategy Group and Fabrizio, Lee & Associates conducted the survey.
Ordinary voters may be starting to care about crypto politics
According to the poll results, ordinary voters may start caring about crypto-political issues just in time for this year’s midterm elections.
44% of voters in the United States are classified as “crypto voters,” or those who own or consider owning digital assets. The survey found that 17% of voters already own cryptocurrency.
In a report provided to Blockworks, the pollsters wrote that this core of 17% who already own cryptocurrency is an extremely competitive constituency that both Democrats and Republicans have claimed in recent elections.
The core group consists mainly of young men, with 58% of them under the age of 55. According to the survey, people of color make up a third of voters who own cryptocurrency.
The poll also revealed that they don’t appear to be overwhelmingly Republican or Democratic, which is even better news for the candidates. Both parties are struggling to connect with younger black and Hispanic men, who have shown themselves to be less calcified in their preference for one party over another in recent cycles.
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18% of Democrats currently own cryptocurrency
The senior advisor to GMI PAC, Bobby Kaple, stated that these groups also own cryptocurrency at a much higher price. If you connect with them on crypto issues, you might be able to win some of these close races.
According to the report, cryptocurrency ownership crosses party lines: 18% of Democrats, 16% of independents and 16% of Republicans currently own cryptocurrency.
The leaders of the GMI PAC are betting that crypto-focused voters will show up in November.
Michael Carcass, executive director of GMI PAC, stated that the crypto voter bloc is large enough to swing a close race against 17% of voters.
For example, in 2020, Biden won Pennsylvania by 80,555 votes over Trump. FTX, which is owned by billionaire Sam Bankman-Fried and has pledged to give at least $1 billion to political causes by 2024, and crypto data provider Messari are two more supporters of the GMI PAC.
At the September 2021 Mainnet conference in New York, Messari’s boss, Ryan Selkis, was rumored to be talking about running for the US Senate himself.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional money exchange systems. She is also fascinated by the blockchain technology and its function.
