“I think we're in an environment now where the existing system, whether it's governments, whether it's banking systems, would not exactly be thrilled with a much larger Bitcoin network.” “It's actually one of those things where there's public misperception around it, there's political misperception, and then there's some competing interests that can purposely muddle that perception on the political side,” Alden said. ![]() She also believes there's too much focus on the energy that Bitcoin mining consumes rather than the productivity that it generates, and the reasons are both economic and political. “Given how tight elections are, especially in certain states, if you have three percent of the population that is willing to switch sides, or not vote, or vote independent based on a candidate's Bitcoin position, I do think that becomes increasingly politically relevant in either the next Bitcoin cycle or the one after that, and overall a positive.” “It won't be, for most people, their biggest campaign issue, but there's an increasing but small percentage of people single-issue voters over Bitcoin,” she said. “I think it's a positive, and for sure it's one of the most constructive takeaways I have from this conference.”Īlden also sees Bitcoin becoming a bigger issue during election campaigns, because it will be a key issue to a growing segment of the electorate. “It gets much harder to pass when you have at least significant minorities on both sides that are willing to go to bat for it,” she said. She said this bipartisan support will be important when new legislation is proposed to go after miners or cut Bitcoin off from the banking system. “Bitcoin was more quickly embraced by the Republican Party,” Alden said, “but we had one of the leading Democratic candidates speaking at the Bitcoin conference, and there's a book published just months ago called ‘A Progressive’s Case for Bitcoin.’ I think we're seeing footholds where Bitcoin is not just seen as a conservative or libertarian-adjacent technology and instead it's one that at least certain segments of the political left are embracing more.”Īlden spoke with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News at Bitcoin Miami earlier this month. parties and this could have major implications in tight races, according to Lyn Alden, Founder of Lyn Alden Strategy. Bitcoin is seeing increased political support from both U.S.
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