Majority of US Crypto Investors Support This Political Party, According to Andreessen Horowitz Survey

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

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

One in five of the respondents said they owned cryptocurrency. Among that group of crypto owners, 61% said they voted for President Joe Biden, the Democratic candidate in the 2020 election, versus only 32% who say they voted for former President Donald Trump, the Republican candidate.

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

Additionally, crypto owners make up a significant and growing constituency in the Democratic Party. Twenty-six percent of self-identified Democrats report that they own crypto.

Nearly 80% of respondents said they would be more likely to support a candidate that “supports expanding Web3,” and 64% of the respondents said they agree with the statement that “digital assets are the future of finance.

Read the full results of the survey here.

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Featured Image: Shutterstock/laskoart/Vladimir Sazonov