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Nearly 90% of California crypto owners favor pro-crypto political candidate, Coinbase reveals

nearly-90-of-california-crypto-owners-favor-pro-crypto-political-candidate-coinbase-reveals
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Nearly 90% of California crypto owners favor pro-crypto political candidate, Coinbase reveals

A Toluna study for Coinbase reveals that 4 in 5 California crypto owners would support a pro-crypto political candidate.

A recent study conducted by Toluna on behalf of crypto exchange Coinbase has shed light on the widespread adoption of crypto across California, emphasizing that many people are starting to like it. The research reveals that approximately 27% of California adults, equivalent to around 8.2 million individuals, are crypto owners, with 40% of them falling within the 18-34 age range.

“They want to see innovation continue so that they can move their money efficiently and autonomously without being weighed down by legacy financial institutions that defined how their parents and grandparents managed their finances.”

Coinbase

The study uncovered a prevailing sentiment among California crypto owners, who say the global financial system is in need of reform, with a significant majority — 86% — expressing agreement on this matter. Additionally, almost seven in ten individuals feel that the current system “unfairly favors powerful interests and harms their ability to build wealth,” the study reads.

As a result, a considerable appetite for disruptive technologies such as crypto and blockchain can be observed, with 78% of respondents saying policymakers should support new technologies.

Moreover, there appears to be a correlation between pro-crypto attitudes and political preferences among California’s crypto owners, Coinbase says, noting that nearly 80% of respondents indicated a likelihood of supporting pro-crypto candidates.