Bets on Polymarket about which Presidential candidate will likely take on the White House have been going on in full swing, and it seems like many are supporting Donald Trump.
Over 51% of people are in support of Donald Trump while those in favor of Kamala Harris stay at 48%.
Interestingly, it seems like a good number of crypto voters are also siding with Donald Trump in hopes of a market revival and better Bitcoin adoption.
Are Crypto Voters Siding With Trump?
Donald Trump has more or less garnered a soft corner from those in the crypto realm. Though many market participants are still not on board with him, his appearance at crypto conferences, promise to keep decentralized currencies afloat and advocacy for better Bitcoin adoption have gained traction from many.
On the other hand, the Democrats have built a sour taste in the mouths of many with their constant aversion towards virtual assets. Previously, Joe Biden had issued an executive order directing the government to investigate the advantages and disadvantages of cryptocurrencies.
The long-awaited directive had caused anxiety in the cryptocurrency sector, in part because of the mounting regulatory concerns around the emerging global digital asset market.
Additionally, the initiative of the Biden government to collect data about energy consumption during crypto mining has led to widespread disagreement and an uproar in the community.
All these measures led to Republican candidates taking a soft corner in the heart of those who considered themselves as a crypto-supporter.
Are Crypto Voters Important This Election?
According to BBC, since entering the race at the end of July, Kamala Harris has outperformed Trump in the national polling averages, so far in many states.
Just over 67 million people watched the two candidates square off in a televised debate in Pennsylvania on September 10. The week following the debate, most national polls indicated that Harris had made some slight gains due to her performance; her lead had grown from 2.5 percentage points the day before the debate to 3.3 points in less than a week. However, big names like Elon Musk have time and again advocated for another Trump Presidency.
According to Forbes, one in five Americans currently own digital assets. Fifty-two million people, to be precise. These individuals have a lot of influence because they frequently reside in important swing states.
The amount is large enough to have a major impact on the outcome of the US presidential election. Therefore, any government wishing to win an election would probably need to win over Bitcoin enthusiasts.
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