Australian elections are almost here and members of Australia’s 48th Parliament will be chosen at the 2025 federal election. This will take place on or before 17 May 2025.
As Australia gears up for federal election, a new YouGov poll suggests that cryptocurrency investors could play a pivotal role in determining the outcome, much like the recent US elections.
According to the YouGov poll results dated 16 February 2025, a significant portion of the electorate is leaning toward candidates with pro-crypto policies.
While younger Australians appear more inclined toward pro-crypto policies, older voters remain skeptical.
Evening News Update #Web3
A Swyftx survey shows 2M Australian crypto investors could influence the next federal election, with 59% favoring pro-crypto candidates.
#Base ecosystem token trading volume dropped 78% since December, as most holders remain unprofitable,… pic.twitter.com/I5U83P2CWk
— CoinRank (@CoinRank_io) February 20, 2025
22% Australian Voters Have Invested In Crypto
The survey, commissioned by Australian crypto exchange Swyftx, found that approximately 22% of Australian voters have invested in cryptocurrency. This translates to around four million adults.
Of these, 59% indicated they are more likely to support candidates who advocate for pro-crypto policies. This potential pro-crypto voting bloc of two million Australians is a demographic large enough to influence key electoral battlegrounds.
“For the first time in our political history, we’re about to enter a federal election with a crypto-voting bloc that’s big enough and motivated enough to swing the result,” said Jason Titman, CEO of Swyftx. Furthermore, Titman insisted that this group is predominantly affluent, under 50 years old, and concentrated in suburban areas—regions often critical in deciding election outcomes.
The survey revealed that 18% of voters aged over 50 are less likely to support pro-crypto politicians. Could this poses a challenge for candidates seeking to appeal across generational lines?
Titman acknowledged this gap and called for better communication from the crypto industry.
“I fully accept our sector needs to do a better job of spelling out the productivity and investment benefits of crypto technology to non-crypto users,” he said
Explore: Australia’s Bitcoin ATMs Grow Rapidly, Catching Up To Europe
Political Implications: Coalition v/s Labor
The YouGov poll shows the center-right Coalition, led by Peter Dutton, as the frontrunner.
The Coalition is projected to secure 73 seats—just three shy of the 76 needed for a majority Meanwhile the incumbent center-left Labor Party, led by Prime Minister Anthony Albanese, faces an uphill battle to retain power.
Notably, Australia has witnessed growing interest in cryptocurrency over recent years, but regulatory uncertainty has hindered its full adoption.
Australian regulators or the Australian Transaction Reports and Analysis Centre (AUSTRAC) has cracked down on over 50 cryptocurrency exchanges to enforce compliance with anti-money laundering (AML) and counter-terrorism financing (CTF).
On 17 February 2025, the AUSTRAC released a press statement revealing that the agency has taken “action against 13 remittance and digital currency exchange providers with more than 50 others still in its sights.”
In 2024, nine providers had their registrations cancelled due to non-compliance. Meanwhile, two crypto service providers were placed under strict conditions, with AUSTRAC warning that further violations could lead to termination.
Explore: Australian Regulator AUSTRAC Reviews 50 Crypto Service Providers, Takes Action Against 13
Key Takeaways
-
A Swyftx survey shows 2M Australian crypto investors could influence the next federal election, with 59% favoring pro-crypto candidates.
The post Crypto Voters Could Swing Australian Federal Election, YouGov Poll Reveals appeared first on 99Bitcoins.
