Why cryptocurrency owners could impact the U.S. presidential election

For the first time ever, cryptocurrency could play a role in choosing the next U.S. president. As digital currencies have become more mainstream, crypto investors are emerging as a key new voting bloc.

Anywhere from 7% to 21% of Americans own crypto — that equates to 18 million on the low end, and roughly 50 million on the high end. According to research from crypto exchange Gemini, 73% say a political candidate's stance toward the industry will influence their vote.

The potential for crypto voters to move the needle is particularly noteworthy in swing states. Organizations like Stand with Crypto, a pro-crypto Political Action Committee are signing up "crypto advocates" in critical battleground states. In fact, Arizona and Georgia each have three times as many of these advocates than the number of votes President Biden won by in 2020.