Major U.S. cryptocurrency exchange Coinbase has discovered that voters in Texas are interested in the topic of cryptocurrencies and the positions taken by presidential contenders on it. 4.7 million Texans, or 21% of the state’s adult population, are cryptocurrency owners, and 74% of them are inclined to back politicians who understand the importance of the country’s cryptocurrency sector.
According to Coinbase, Texas Is a Crypto Hub
The positions that presidential contenders take on the subject of cryptocurrencies may have an impact on Texans’ political decisions, according to Coinbase, an American bitcoin exchange. Over 21% of Texas citizens, or 4.7 million people of voting age, own digital assets, making the state a bastion for cryptocurrency owners, according to a blog article published by the exchange.
Furthermore, the percentage of younger citizens who possess cryptocurrency is greater at 39%. These individuals often earn $75,000 or less, and they see cryptocurrency as a weapon to influence the current financial system, which most (85%) feel needs to change.
The results and choices made by Texans in the upcoming elections may be influenced by their discontent and their optimistic views toward cryptocurrencies. According to Coinbase:
Politicians and candidates that see cryptocurrency as essential to the future of finance and American financial leadership are heavily backed by these crypto voters.
Within the community of Texans who hold cryptocurrency, three out of four said they would be inclined to support leaders who think the country can use cryptocurrency to maintain its position as a leader in the international financial system. Additionally, 74% of these voters are more likely to back politicians who “understand the significance of fostering a robust domestic crypto industry that can ensure economic inclusion for future generations” and create jobs.
According to Coinbase, the backing of younger voters could encourage both incumbents and rebels to support blockchain and cryptocurrency efforts in order to maintain their political relevance and better represent their people’ interests.
Recently, presidential candidates have shown increasing interest in bitcoin. Recognizing that bitcoin is becoming more and more popular, Donald Trump said he could live with it and that it has taken on a life of its own. Kennedy Jr. has also shown his support for bitcoin by promising to put an end to the present White House campaign against it if elected.
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