- Crypto and libertarianism are often thought to go hand-and-hand, but a report by CoinDesk found most crypto holders identify as liberal.
- Different coin communities also have differing political-leanings, the report found.
Crypto and libertarianism are often thought to go hand-and-hand, but a recent survey by crypto publication CoinDesk has found that the political makeup of crypto enthusiasts isn’t exactly what you might expect.
The survey of 1,200 cryptocurrency investors found that the plurality of respondents identify as liberal, with 27% of those surveyed identifying with the political designation. Meanwhile, 24% identified as libertarian. Socialists made up a paltry 9%, the survey found. Here’s a chart:
The survey, which was part of the firm’s broader “State of Blockchain Report,” also found that different crypto communities have very different politics. Bitcoin, for instance, leans more right than ether-rival EOS. 55% of bitcoin holders identify as right-leaning, CoinDesk found, whereas only 43% of EOS holders are right-leaning. Here’s the chart:
“Cryptocurrency came into popular culture on the backs of libertarians, but as that popularity grew so did the variety of political thought,” Nolan Bauerle, director of research of CoinDesk, said. “Crypto industry followers should be aware that these technologies are the means for the political ends of different and sometimes extreme ideologies.”
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