Joe Biden Election Money Raise Stays Ahead of Trump; Are Crypto Voters Onboard?

Crypto voters are keenly watching the events unfold ahead of the key US 2024 elections. With debates, revelations, promises, and new laws in the pipeline, the race for the presidency is getting heated day after day. In a new development, Bloomberg reports that in March, President Joe Biden raised over $90 million for the Democratic Party and his reelection campaign, surpassing the amount raised by Republican contender Donald Trump and increasing his financial lead.

Joe Biden Raises $192 Million for Election Campaign

According to a statement released by Biden’s campaign, the president and his party had $192 million in cash on hand at the end of March—the largest amount ever for a Democrat at this stage of the election cycle. This is more than twice as much as Trump and the Republican Party claimed to have after the previous month.

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Are Crypto Voters Supporting Biden?

With the Biden administration being a little strict with crypto laws, one might wonder if crypto voters would side with them. However, this does not seem to be the case. The interests of US voters have changed, as CoinGape has previously observed. Forbes also notes that 22% of respondents of a survey who owned cryptocurrency identified as Democrats, 18% as Republicans, and 22% as Independents, based on survey data from Coinbase and Morning Consult.

Additionally, according to Anthony Scaramucci, a second term for Trump would be “dangerous.” He also talks about how he won’t vote for his former employer and how he thinks other Americans won’t either. Scaramucci claims that there is a “Davos mindset” sustaining the idea that the Republicans could win in November.

According to Forbes, one in five Americans currently owns digital assets. Fifty-two million people, that is. The total is large enough to have a major impact on the outcome of the US presidential election. Therefore, any government that wanted to win an election would probably have to win over crypto voters.

Who Has the Lead in the Upcoming Elections?

In six of the seven critical swing states, Joe Biden currently leads Republican Donald Trump, leading him decisively in at least two of them. The Democrat’s popularity is at an all-time high, per a regular study done by Morning Consult and Bloomberg News. Following a State of the Union address that galvanized Democrats and seemed to ease concerns about Biden’s old age, there has been a movement in favor of the president. It follows five months in which Trump’s lead was largely constant. As election day approaches, it would be interesting to see which side crypto voters proponents sided with and what new regulations legislators enact.

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