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- The core group is mostly young men, with 58% of them being men under 55, and 32% of voters who own crypto are people of color
- 44% of voters nationwide identify as “crypto voters,” or those who own or are considering purchasing digital assets
- GMI PAC is preparing for Election Day
As the midterm elections get closer, so-called “cryptocurrency voters” are becoming an increasingly desirable bloc, according to a political action committee that just came onto the scene. According to pollsters, “crypto voters” are voters who own or are considering owning digital assets.
In January 2022, a crypto-focused group known as GMI PAC was established with support from Anthony Scaramucci of SkyBridge.GMI” is a well-known crypto slang term that means gonna make it.
A survey of voters regarding their views on cryptocurrencies was recently commissioned by the PAC and its policy institute. Global Strategy Group and Fabrizio, Lee & Associates conducted the survey.
Regular voters may be starting to care about crypto policy
According to the results of the poll, regular voters may be beginning to care about crypto policy issues just in time for this year’s midterm elections.
44% of voters in the United States are classified as “crypto voters,” or those who own or are considering owning digital assets. The poll found that 17% of voters already own cryptocurrency.
In a report provided to Blockworks, the pollsters wrote that this core of 17% who already own cryptocurrency is an extremely competitive group of voters that both Democrats and Republicans have been pitching in recent elections.
The core group consists mainly of young men, with 58% of them under the age of 55. According to the survey, people of color make up a third of voters who own cryptocurrency.
The poll also revealed that they do not appear to be overwhelmingly Republican or Democratic, which is even better news for candidates. Both parties are fighting to connect with younger Black and Hispanic men, who have demonstrated that they are less calcified in their preference for one party over another over the past few cycles.
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18% of Democrats currently own cryptocurrency
The senior advisor to GMI PAC, Bobby Kaple, stated that these groups also own cryptocurrency at a much higher rate. If you connect with them on crypto issues, you might just be able to win some of these close races.
According to the report, cryptocurrency ownership crosses party lines: 18% of Democrats, 16% of independents, and 16% of Republicans currently own cryptocurrency.
The leaders of the GMI PAC are betting that crypto-focused voters will turn out in November.
Michael Carcass, managing director of GMI PAC, stated that the crypto voter bloc is large enough to swing a close race at 17% of voters.
For instance, in 2020, Biden won Pennsylvania by 80,555 votes over Trump. FTX, which is owned by billionaire Sam Bankman-Fried and has pledged to give at least $1 billion to political causes by 2024, and crypto data provider Messari are two additional backers of the GMI PAC.
At the Mainnet Conference in September 2021 in New York, it was rumored that Messari’s head, Ryan Selkis, was talking about running for the US Senate himself.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
