Gregory's ServerAn 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.
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 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. If you found this post valuable, consider signing up for a pay-what-you-want subscription. My writing is never paywalled, and your support goes long way to helping me continue doing this. You can also sign up for free to get my writing in your email. @molly0xfff Of course, crypto is increasingly the ONLY way for Russian individuals and companies to complete purchases with China, etc. A recent article says that about 80% of Russian transactions to China in yuan are blocked now, due to Western pressure and a crackdown on smaller banks, based near the border. As long as Russian crypto exchanges remain a thing, crypto itself is at significant risk of disruption. |
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.
#CitationNeeded #crypto #CryptoLobby #USpolitics #USpol