Former U.S. President Donald Trump seems to be making headway with the cryptocurrency crowd this election cycle. A recent poll from Fairleigh Dickinson University shows some interesting results.

According to the poll released on Friday, people who own cryptocurrencies are more likely to support Trump over Vice President Kamala Harris in the upcoming presidential election. In fact, half of the crypto owners surveyed said they plan to vote for Trump. On the other hand, only 38% of crypto holders prefer Harris.

Now, when you look at non-crypto owners, the numbers flip. Harris leads by 12 points among this group. Specifically, 53% of those who have never owned crypto say they would vote for Harris, while 41% lean towards Trump.

Dan Cassino, a professor of Government and Politics at Fairleigh Dickinson and the poll's executive director, noted that Trump’s outreach to the crypto community seems to be paying off. He mentioned that many might underestimate how widespread crypto ownership really is.

The poll itself gathered responses from over 800 registered voters nationwide earlier this month. It found that 15% of respondents reported owning or having owned cryptocurrencies or non-fungible tokens (NFTs). This figure is consistent with other recent surveys.

Interestingly, the data shows that crypto owners tend to be younger men and members of racial minority groups. For instance, 13% of White voters reported owning crypto, compared to 17% of Black voters and 22% of Hispanic voters.

Cassino pointed out that historically, Republicans have struggled to connect with young people and people of color. He believes that support for cryptocurrencies could be a crucial issue to attract these voters, who usually align more with Democrats.

Additionally, the crypto industry has been quite generous with political contributions this election cycle. A study found that nearly half of all corporate contributions to political action committees (PACs) this year came from crypto companies. Coinbase, in particular, has emerged as the top corporate spender in the 2024 cycle, along with Ripple.