June 24, 2022

Majority of U.S. crypto investors support this political party, according to Andreessen Horowitz survey

The majority of U.S. crypto investors who are registered to vote support one political party over another, according to a new survey from venture capital giant Andreessen Horowitz.

The Silicon Valley-based company, also known as a16z, commissioned the survey from data intelligence firm Morning Consult, which interviewed 2,191 registered voters in the United States online from December 1-3. .

One in five respondents said they own a cryptocurrency. Among this group of crypto owners, 61% said they voted for President Joe Biden, the Democratic nominee in the 2020 election, compared to just 32% who said they voted for former President Donald Trump, the Republican nominee.

Biden also retained a 64% approval rating of crypto owners at the time of the survey, compared to a 36% disapproval rating.

Additionally, crypto owners are a large and growing constituency within the Democratic Party. Twenty-six percent of self-identified Democrats say they own crypto.

Almost 80% of those polled said they would be more likely to support a candidate who “supports the expansion of Web3″ and 64% of those polled said they agreed with the statement that ” digital assets are the future of finance ”.

Read the full survey results here.

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Featured Image: Shutterstock / laskoart / Vladimir Sazonov