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How Cryptocurrencies Can Influence Voters in 2022 US Midterm Elections

On September 29, the venture capital firm Haun Ventures published the results of a survey of 800 likely voters in the midterm elections in four swing states of the United States - New Hampshire, Nevada, Ohio and Pennsylvania.

The data of the conducted research showed that the overwhelming majority were in favor of the idea of decentralization, and many were its supporters.

As a result of the survey , the following conclusions were made:

  • 18% of voters surveyed in New Hampshire, Nevada, Ohio and Pennsylvania said they own a cryptocurrency or NFT. 

  • 91% of respondents have a positive attitude to the principles of web3. They supporte “community owned and managed by the community” and an Internet that “gives people more control over their information.”

Web 3 as a response to an unfair economic system

The study concluded that voters view web 3 as a response to an unfair economic system and a positive alternative to large technological monopolies. 

This conclusion is supported by the following facts:

  • 60% of voters in these swing states believe the current economic system is unfair to ordinary Americans.

  • 75% of voters agree that big technologies have too much power over people's lives and destinies. They vote for greater individual autonomy and digital decentralization.

  • 72% of voters who own digital assets reported that they do this because they want the economic system to be more democratic, fair and work for people.

  • In Nevada, Ohio and Pennsylvania, more than 40% of voters who own cryptocurrencies said they use them to simplify international money transfers.

Voters who support the ideas of Web3 and believe that they have the future, belong to the middle class and represent a young and diverse demographic group participating in the vote.

They have the following characteristics:

  • 80% of Web3 voters have incomes of less than $100K.

  • 31% of Web3 voters are people of color compared to 15% of all voters.

  • 65% of Web3 voters are people between the ages of 18 and 44, compared with 30% of all voters.

This survey was aimed at people planning to vote in the midterm elections of 2022 in the United States. These elections will be held in November, the selected candidates will take office in January.

Katie Haun, a Coinbase board member and former OpenSea board member, raised $1.5 billion in March to create Haun Ventures to invest in Web3.




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