Election analyst says Biden could face uphill battle attracting small-dollar donors

Election analyst Kyle Kondik told Hill.TV on Thursday that 2020 Democratic presidential hopeful Joe BidenJoe BidenTrump says lawmakers should censure Schiff Schiff says committees will eventually make impeachment inquiry transcripts public Trump threat lacks teeth to block impeachment witnesses MORE could face an uphill battle in attracting small-dollar donors. 

"Biden has not been a great fundraiser in the past," Kondik, managing editor of Sabato's Crystal Ball, told hosts Buck Sexton and Juanita Tolliver on "Rising." 

"His stature is greater than it's been in the past, so you would think that he would do a little bit better now, but he's really going to have to do a lot better," he continued. 

Biden, who announced his presidential candidacy on Thursday, has led numerous 2020 polls. 

However, Sen. Bernie SandersBernie SandersOvernight Health Care — Presented by National Taxpayers Union — House Dems change drug pricing bill to address progressive concerns | Top Republican rejects Dem proposal on surprise medical bills | Vaping group launches Fox News ad blitz Democrats have reason to worry after the last presidential debate Krystal Ball on Sanders debate performance: 'He absolutely hit it out of the park' MORE (I-Vt.), who has trailed closely behind the former vice president, has the support of a powerful network of small-dollar donors he's gathered since 2016. 

"You have someone like Sanders, he has this immense small-dollar fundraising network," Kondik said. "I don't know if Biden is going to be able to do that. There are some people who believe that sort of more, kind of extremist or ideological candidates do better with small-dollar donations. The research on that is kind of mixed, but Biden is a good test case." 

"If Biden can generate small-dollar fundraising in a big way, that would show a more moderate candidate or someone who's less ideologically extreme could generate those small dollars," he said. "But it may be that the enthusiasm is not there." 

Unlike Sanders, Biden appears to be depending on large-dollar donors at this point in the race. 

The Washington Post reported that one of his first campaign events will be a fundraiser Thursday night sponsored by supporters such as Comcast executive David Cohen. 

— Julia Manchester