Cryptocurrency Interest Surges In Key Swing States Since 2020 Election

According to Odaily, a16z's '2024 State of Crypto' report reveals significant increases in cryptocurrency search interest in key swing states since the 2020 election. Google Trends data shows that Pennsylvania and Wisconsin rank fourth and fifth, respectively, in terms of search interest growth. Other swing states like Michigan and Georgia have also seen a surge in cryptocurrency searches, while Arizona and Nevada have experienced a slight decline in interest since 2020. These states, which can swing between Democratic and Republican support, often play a crucial role in determining the outcome of U.S. presidential elections. The a16z report highlights that over 40 million Americans now hold cryptocurrency, with the majority expressing support for candidates who advocate for crypto-friendly policies. Among voters in swing states, 41% identify as Democrats, 39% as Republicans, and 20% as independents or other affiliations. Additionally, 25% of Americans aged 18 to 34 own cryptocurrency. The report notes that one factor likely to increase interest in cryptocurrency this year is the listing of Bitcoin and Ethereum ETFs. As these products grow, the number of Americans holding cryptocurrency is expected to rise.