a16z report: Pennsylvania and Wisconsin are seeing a surge in cryptocurrency search interest

According to a16z's "The State of Cryptocurrency in 2024" report, data from Google Trends shows that Pennsylvania and Wisconsin, which are expected to hold hotly contested elections, have seen the fourth and fifth largest increases in cryptocurrency search interest since the 2020 election, respectively. Other swing states, such as Michigan and Georgia, have also seen a surge in searches for cryptocurrency, while Arizona and Nevada have seen a slight decline in interest in cryptocurrency since 2020. During presidential elections, these states can swing toward the Democratic or Republican parties and often play a key role in determining the outcome of U.S. elections. According to a16z's report, more than 40 million Americans now own cryptocurrency, and most of them say they support candidates who support crypto-friendly policies. Among voters in swing states, 41% identify as Democrats, 39% identify as Republicans, and 20% identify as independents or others. Among Americans aged 18 to 34, 25% own cryptocurrency. The report states: “One factor that could increase interest in cryptocurrencies this year is the listing of Bitcoin and Ethereum ETFs. As such products grow, the number of Americans holding cryptocurrencies could increase.” (Cointelegraph)