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Post: Key Points: Crypto-Focused Voters in California Poised to Impact 2024 Elections Elaboration: Coinbase’s prediction and Morning Consult data reveal the significance of California’s crypto-focused voters in the upcoming 2024 elections. With 8.2 million crypto owners in the state, 78% of them advocate for supportive policies on disruptive technologies. Moreover, candidates embracing pro-crypto and blockchain positions are likely to attract this influential voter base. Hot Take: California’s Growing Crypto Community Has Political Clout

Key Points: Crypto-Focused Voters in California Poised to Impact 2024 Elections Elaboration: Coinbase’s prediction and Morning Consult data reveal the significance of California’s crypto-focused voters in the upcoming 2024 elections. With 8.2 million crypto owners in the state, 78% of them advocate for supportive policies on disruptive technologies. Moreover, candidates embracing pro-crypto and blockchain positions are likely to attract this influential voter base. Hot Take: California’s Growing Crypto Community Has Political Clout

Key Points:

  • Cryptocurrency exchange Coinbase predicts that crypto-focused voters in California will have a significant impact on the 2024 elections.
  • Data from Morning Consult indicates that roughly 8.2 million people in California own digital assets.
  • 78% of crypto holders in California believe that policymakers should support new, innovative, and disruptive technologies.
  • A majority of crypto holders in California would be more likely to support candidates who hold pro-crypto and blockchain positions.

Elaboration:

Cryptocurrency exchange Coinbase believes that crypto-focused voters in California will have a meaningful role in the 2024 elections due to their ownership of digital assets and their support for pro-crypto policies. According to data from Morning Consult, approximately 8.2 million people in California own cryptocurrencies. The majority of these crypto holders, around 78%, believe that policymakers should be supportive of new, innovative, and disruptive technologies. Furthermore, a significant number of crypto holders in California would be more inclined to support candidates who hold pro-crypto and blockchain positions, with almost four in five indicating that they would be more likely to support a candidate who supports the crypto industry as a job creator and source of U.S. geopolitical strength.

Hot Take:

This data suggests that the cryptocurrency community in California is not only growing but also becoming increasingly politically engaged. The fact that a majority of crypto holders in California support candidates who are pro-crypto and blockchain could have implications for future elections. It may encourage candidates to adopt crypto-friendly policies and engage with the crypto community to gain their support. Additionally, this highlights the potential influence that the crypto industry can have on political decision-making in the future.

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