Study Reveals 4 in 5 California Crypto Owners Support Pro-Crypto Political Candidates
A recent study conducted by Toluna on behalf of crypto exchange Coinbase has found that a majority of California crypto owners are supportive of pro-crypto political candidates. The study highlights the growing adoption of cryptocurrency in California, with approximately 27% of adults in the state being crypto owners.
Rising Adoption of Crypto in California
The research shows that around 8.2 million individuals in California own cryptocurrency, with 40% of them falling within the 18-34 age range. This indicates a significant interest and acceptance of digital assets among younger generations.
Calls for Financial System Reform
The study also reveals a prevailing sentiment among California crypto owners that the global financial system is in need of reform. A large majority, 86%, agree that the current system unfairly favors powerful interests and hampers their ability to build wealth.
Support for New Technologies
There is a strong appetite for disruptive technologies like cryptocurrency and blockchain, with 78% of respondents stating that policymakers should support these innovations. This suggests a desire for a more efficient and autonomous financial system that is not controlled by traditional institutions.
Political Preferences and Crypto Support
The study identifies a correlation between pro-crypto attitudes and political preferences among California’s crypto owners. Nearly 80% of respondents indicated their likelihood to support candidates who are favorable towards cryptocurrencies.
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