More Than Half of Millennials and Gen Z Expected to Back Crypto-Friendly Candidates in 2024 Election: Coinbase
Coinbase, a leading cryptocurrency exchange, has revealed that over 50% of Americans born between 1981 and 2012 are likely to support candidates in the upcoming US election who are pro-digital assets. According to recent surveys conducted by Coinbase and research firm Bovitz, Inc., a significant percentage of Millennials and Gen Zers want their elected representatives to advocate for cryptocurrencies, as they believe it offers important societal benefits.
In its blog post, Coinbase states that the younger generations are not only interested in owning cryptocurrencies but also studying them in school and recognizing their potential as a source of employment. Furthermore, they are preparing to vote for candidates who prioritize building for the future rather than supporting the current broken system.
Millennials and Gen Z adults currently constitute around 40% of the voting-age population and will become the majority by 2028. Approximately 51% of them say they are likely to support crypto-friendly candidates in the 2024 election. Additionally, 39% believe that politicians and policymakers should endorse technologies like cryptocurrency and blockchain to benefit future generations, compared to only 28% of older Americans.
Generational Research and Findings
The findings are based on a June survey that included 1,000 Americans from different generations (Gen Z, Millennials, Gen X, and Boomers) and interviews with 30 American adults aged 18-59. These results highlight the growing influence of younger voters in shaping political agendas related to cryptocurrency.
Hot Take: Growing Support for Crypto-Friendly Policies among Younger Generations
The research conducted by Coinbase reveals a significant trend among Millennials and Gen Zers who want their elected representatives to support cryptocurrencies and blockchain technology. As the younger generations become the majority of voting-age Americans, their preferences are likely to have a significant impact on future political landscapes. This growing support for crypto-friendly policies signifies the increasing recognition of the benefits and potential of digital assets in shaping the economy and society at large.
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