Coinbase: About 27% of adults in California own digital assets, and their votes may affect the results of the 2024 election

New research conducted by Toluna for Coinbase shows that California’s cryptocurrency users are expected to have a significant impact on the political direction of the state in the 2024 elections. An estimated 27% of adults in California, or about 8.2 million people, own digital assets, representing a large and potentially decisive group of voters in elections. According to the report, the state’s cryptocurrency enthusiasts include a significant number of young people, with 40% of them aged between 18-34 years old, a generation that is more focused on technological advancements and digital financial solutions. The study found that people overwhelmingly support policy initiatives that encourage disruptive technologies such as blockchain and digital assets, viewing them as critical to future financial and social progress. This sentiment is expected to translate into political action, with cryptocurrency holders likely to support candidates who advocate for the cryptocurrency industry and blockchain technology. (Cryptoslate)