Coinbase uncovers overwhelming support for pro-crypto political candidate among nearly 90% of California cryptocurrency holders.
A recent study conducted by Toluna on behalf of Coinbase, a popular crypto exchange, has provided insight into the widespread adoption of cryptocurrency in California. The research highlights the growing popularity of crypto, with approximately 8.2 million individuals, or 27% of California adults, being crypto owners. Interestingly, 40% of these crypto owners fall within the 18-34 age range.
The study also revealed a prevailing sentiment among California crypto owners, who believe that the global financial system is in need of reform. An overwhelming majority of 86% expressed agreement on this matter. Furthermore, nearly seven in ten individuals feel that the current system unfairly favors powerful interests, hindering their ability to build wealth.
As a result, there is a significant appetite for disruptive technologies like cryptocurrency and blockchain. In fact, 78% of respondents believe that policymakers should support these new technologies.
Coinbase also found a correlation between pro-crypto attitudes and political preferences among California crypto owners. They discovered that almost 80% of respondents indicated a likelihood of supporting pro-crypto candidates.
This study provides valuable insights into the growing acceptance and support for cryptocurrency in California. With a considerable number of crypto owners and a desire for reform in the financial system, it is clear that crypto has gained traction and is here to stay.
