An October 2024 poll from venture capital firm Paradigm revealed that 5% of respondents indicated they were single-issue crypto voters in the United States presidential election. The results suggest that the voting bloc has the power to swing an election that will be determined by a “razor-thin” margin.
According to the Paradigm poll, roughly one-quarter of crypto owners surveyed indicated they were single-issue crypto voters, including 11% of voters in the 18-34 age bracket, 8% of male respondents, 7% of African American voters, and 8% of Hispanic voters.
Paradigm noted that the 5% of pro-crypto, single-issue voters is more than double the margin of victory in swing states such as Pennsylvania, Michigan, and Wisconsin, where election results are decided by a slim 1-2% margin.
A breakdown of single-issue crypto voters by demographic. Source: Paradigm
The poll also found that 30% of respondents now view the Republican Party as more trustworthy on crypto policy compared to 24% of individuals who said the Democratic Party was more trustworthy.
However, 42% of crypto voters indicated that they trust neither party regarding crypto regulation.
Related: Harris vs. Trump: Who is the crypto industry backing?
Presidential candidates neck-and-neck
Despite pro-crypto voters preferring the Republican Party over the Democrats in the Paradigm poll, neither Donald Trump nor Kamala Harris had an edge in the popular vote.
Both candidates are tied among the crypto owners surveyed in the Paradigm poll. Source: Paradigm
These findings contrast to election betting odds on prediction markets like Polymarket, where former President Trump holds a significant 30-point lead over Harris. The former president’s lead increased sharply in early October — sparking fears of market manipulation.
Soon after, Polymarket began an investigation and claimed to have traced the pro-Trump positions back to a single, unnamed whale, described as a French national with ample experience in finance and trading.
Crypto voters can swing the 2024 Presidential election
The conclusions reached in the Paradigm poll that single-issue crypto voters could swing the results of the 2024 Presidential election were also corroborated by Pennsylvania State University law professor Dr. Tonya M. Evans.
Speaking to Cointelegraph, the law professor explained that the 2024 Presidential election will be decided by razor-thin margins, with the potential for different single-issue voting blocs — including pro-crypto voters — to swing the election results.
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