CoinDesk surveyed 1,200 crypto investors and found their dominant political ideology may not be what you think

Gary Johnson

  • 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:

Screen Shot 2018 07 26 at 2.47.58 PM

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:

Screen Shot 2018 07 26 at 2.48.11 PM

“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.”

See also:

Join the conversation about this story »

NOW WATCH: Most affluent investors would rather go to the dentist than invest in a company that hurts the environment

Read the full article from it’s original source:

Share this
Share on FacebookTweet about this on TwitterShare on Google+Pin on PinterestShare on LinkedInShare on Reddit