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RE: Bitcoin Current Events July 17, 2024

in LeoFinance4 months ago (edited)

There's also so many conservatives, today, that think crypto is the Mark of the Beast (whatever that means).

Look at this survey though:


Source - It is a year old though.

Compare that to something that is a partisan issue like Environmentalism/EV ownership:

Source

I really don't think it is a partisan issue if ownership of crypto is so even across political leanings. I know heaps of people that will likely vote Biden that have crypto. Sure there is a ton of media about the energy usage of Bitcoin, but when there are reports of coal mines being restarted for Bitcoin mining, and reports of entire towns getting sick from the noise of Bitcoin miners, the anti-Bitcoin rhetoric is understandable. Bitcoin miners need to take responsibility in this too.

I absolutely agree with everything you've said about Gensler, he's been straight up bizarre.

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You might be thinking more long-term and I might be more on the short-term side on this one. Crypto can't be a partisan issue on longer timeframes. This is especially true because crypto is global and affects all political parties worldwide. That and it's specifically a neutral technology by design so it makes no sense to politicize it. A party only need get bulldozed one time by technology before they realize that's not going to fly.

On the short term if very much seems as though the right is embracing crypto for easy single-issue voters, and the left is like "ew I don't like that" just out of habit taking the other side of the trade.

Yeah, I think you might be right... I do suspect that Trump is specifically tapping into a pro-crypto stance to secure the Libertarian vote away from Chase Oliver (and possibly because he's trying to drum up more money and so is accepting crypto donations now). Trump was against crypto when he was in Government, but now that he's personally benefitted from it he's changed his mind... which tracks.

I don't at all think that all Democrats oppose crypto, especially since H.R. 4763 had bipartisan support, 4 Democrat co-sponsors and passed the House of Representatives (approvals not along party lines) and probably would have passed in the Senate too... but yes, I completely agree that for single-issue crypto voters the GOP is clearly leading.

I don't actually know if Trump/GOP/Project 2025 has any policy outlined regarding crypto though. Be interesting if anything is promised during the Bitcoin convention.