Top US crypto exchange Coinbase is saying that California’s digital asset holders will play a big role in the future of the industry.
In a new company blog post, Coinbase says that research shows there are 8.2 million, or 27%, of residents in California who own digital assets and a large number of them support pro-crypto policies and candidates.
Says Coinbase,
“In California, 78% of crypto owners believe policymakers should be supporting new, innovative, and disruptive technologies…
They also would support candidates who say that a strong US crypto industry will help future generations get ahead and increase access to wealth-building tools that the traditional financial system does not provide to many Americans.”
New polling by research firm Toluna, which was paid for by Coinbase, shows 40% of California crypto owners are aged 18-34. Coinbase says younger generations in the US have a larger appetite for digital assets than older generations.
“They grew up during the internet age, and are comfortable adopting innovative technologies that make their lives easier…
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 also says that nationally, the majority of younger generations in the US favor candidates who support cryptocurrency.
“Nationally, a majority (51%) of Millenials and Gen Z adults say they are likely to support crypto-friendly candidates in 2024. These voters will make up a vocal minority in the next election, and by 2028, younger voters will represent a majority of America’s voters.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
