Is crypto only for libertarians? New survey reveals the truth
When Crypto came into prominence it was restricted only to the authoritarian. But a recent survey, titled ‘Q2 State of Blockchain’, by CoinDesk Research to find out the association between crypto and libertarianism reveals that libertarians have strong leanings towards the virtual currency.
Some questions in the survey were positioned at exploring the political favor of the crypto community and the answers indicate liberals (27 percent) are the single largest category, but the combined figures of libertarians (24 percent) and anarcho-capitalists (8 percent) surpasses the libertarians by five percent. The one-of-its-kind research further shows only 55 percent actively followed the crypto world.
The reason behind crypto flourishing can be attributed to the increase in its share price. The survey predicted that people’s involvement in the crypto world is the high price rate in the market coupled with growing opportunities. In every field, politics play a crucial role and thus, in this case also, people with political influence have invested in the crypto world.
As per the survey, there are different coins that indicate different share price and they can be easily distinguished from one another. It can be seen that bitcoin has its own features while others like Dash [DASH] (78 percent), Ripple [XRP], Monero[XMR] and Ethereum [ETH] (55 percent) hold different alikeness. But the highest percentage is for the anarcho-capitalists (36 percent).
Chris Derose, a crypto personality after seeing the review, told Coindesk, “The 2016 election had major impacts on the demographics of blockchain. Bitcoin was principally a conservative movement of goldbugs and libertarians in its early years. And an unheralded accomplishment of the Ethereum blockchain might be in its ability to reach progressive blockchain investors. The 2016 election forced a divide in the community, with libertarian pursuits of independence and conservative principles finding ground in the dash, bitcoin, and bitcoin cash camps – and with collectivist interests of the left finding solutions in crowdfunding and governance structures.”
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