Bitcoin Is on the Ballot in 2024

Read more: George Kaloudis -Promoting specific policies that are anti-Bitcoin mining could also negatively affect candidates in the 2024 election. Many Bitcoin data centers are developing businesses in rust belt counties, like those in Pennsylvania and Ohio, which represent key swing votes for a federal election. Bitcoin mining companies are employing thousands of voters, increasing local tax revenue, and revitalizing areas that have been overlooked and underserved for generations.

Perhaps the most important political game-changer for the 2024 election may lie within the Bitcoin and cryptocurrency community itself. Bitcoin and crypto enthusiasts can be known for their internal fractiousness. Divisions within divisions among various impassioned ideologies have at times become an almost revolving cycle of mitosis. Yet the political and regulatory crackdown on the industry may serve as a galvanizing force.

Where once protocol wars, Twitter battles, or coin cultures may have trumped all other concerns, there is now a growing unification among many supporters who realize that political cohesion might be necessary for survival in the United States. In a series of investigativein early 2023, investor and analyst Nic Carter laid out in stark detail how the banking sector was potentially being used to extra-judiciously hamstring Bitcoin and crypto businesses.

In a sense, the anti-Bitcoin and anti-crypto rhetoric espoused by some in Washington DC has unwittingly created an ardent and oppositional voting bloc where one had not previously existed. Like any industry or community, Bitcoin and crypto supporters are diverse and varied in personal experience and political outlook.

This cohort also believes that anti-innovation policies risk irreparable damage to U.S. competitiveness on the global stage. While there are very few, if any, U.S. voters who would support a candidate simply because they are anti-Bitcoin , there is a large contingent of U.S. citizens who will vote for a candidate simply because they are pro-Bitcoin.

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