The cryptocurrency industry has been working overtime to sell a story: that there is a large contingent of voters voting based on candidates’ crypto policy stances. The problem is, it’s a story that does not seem to be well supported by data.
https://www.citationneeded.news/when-did-cryptocurrency-become-a-voter-issue/
An April 2024 survey funded by the Digital Currency Group and published by the crypto lobbying group The Blockchain Association was not shy about aiming its messaging directly at politicians, trying to convince them of the existence of a sizable crypto voting bloc.
A glance at the survey design quickly reveals the story the industry was hoping to tell with the results. Even more profound are the kinds of questions that were not included, which could have provided a clearer (but perhaps unwanted) view of voters’ actual beliefs.
Furthermore, the supposed number of crypto holders (“52 million”!) that companies like Coinbase like to throw around come largely from a poorly-designed survey with methodology its designers seem unwilling to disclose, and are vastly higher than other estimates.
Regardless of the caricatures that have emerged, most cryptocurrency holders are pretty normal people, with nuanced political beliefs and hopes for the future that go far beyond the tokens they hold in their digital wallets.
@molly0xfff and they are all going to want an FDIC-type bailout when it crashes and burns
sorry, cypto is a ponzi scheme and i don't want tax money going to bail them out for any reason
Molly White
samiamsam