Why crypto bros love Trump

The Washington Post ^ | Sep 19, 2024 11:58 PM | Dan Cassino

[E. Pluribus Unum]

Even before this week’s launch event for his family’s cryptocurrency venture, Donald Trump was courting crypto owners at a bitcoin conference and proclaiming himself the “crypto president.” And the appeals seem to be working — well enough to help him win over a sizable group of swing voters.

It’s easy to dismiss cryptocurrency as a niche interest, but according to figures from a national FDU Poll that I helped carry out last month, 1 in 7 registered voters in the United States say that they have owned cryptocurrencies or related assets like NFTs. Men are more than twice as likely as women to say they’ve owned crypto, and ownership rises to 43 percent among men 30 and under. Black and Hispanic men are also rather more likely than White men to say they’ve owned crypto. This is a group of people who aren’t happy with existing government policy — and overwhelmingly support Trump.

In our poll, crypto owners favored Trump by 12 points over Vice President Kamala Harris, 50 percent to 38 percent. Among voters who don’t own crypto, Harris leads by 12 points, 53 percent to 41 percent.

People who have owned crypto aren’t more likely to be conservative or MAGA, or less likely to be liberal or progressive, than other voters. They’re slightly more likely to lean toward the Republican Party, but not by nearly enough to account for the huge gap in vote intentions. On the whole, they most resemble registered voters who support third parties or aren’t going to cast a ballot at all. If Trump is using his crypto appeals to make a play for this bloc of otherwise uninterested voters, it’s working.

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The buried lede of an otherwise routinely gaslit Washington Post article: "In our poll, crypto owners favored Trump by 12 points over Vice President Kamala Harris, 50 percent to 38 percent. Among voters who don’t own crypto, Harris leads by 12 points, 53 percent to 41 percent."

[marktwain]

The right to own crypto is a basic freedom issue, much like the right to own gold.

The current government hates the independent use of crypto, just like the FDR government hated the individual use of gold.

[Vermont Lt]

Crypto was literally born (in its current form) as a direct result of the financial crisis of 2008. There was a desire for a currency where the market determined the price and where no single government could inflate or deflate the underlying “asset” through insane fiscal policy.

People who think like that don’t like free spending morons like Harris.