Bitcoin is inherently apolitical, in the sense that no third party or government can influence the critical aspects of how the network functions.
But politicians can influence Bitcoin tangentially, by introducing regulations that make it harder to access, implementing economic policies that drive more people toward this alternative or through other actions within their power. And decisions by individuals to leverage BTC, to opt out of financial systems that are run by governments or to use Bitcoin to circumvent regulatory systems are fiercely political ones, even if the technology itself does not care why you are adopting it.
With that dynamic in mind, Bitcoin Magazine wanted to get a sense of the community’s outlook on the even of the U.S. Presidential Election. With a great number of critical policy decisions apparently on the horizon and a significant division between the candidates, we wanted to know what Bitcoiners think about the race.
We teamed up with Carrot, a platform for rewarding people for completing tasks with satoshis via the Lightning Network, to host a survey for our readers. Below, we’re presenting the findings of Bitcoin Magazine’s first-ever “Election Sentiment Analysis.”
Our survey asked Bitcoiners to tell us which presidential candidate they were hoping would win, how they think Bitcoin would be affected if either Donald Trump or Joe Biden emerged victorious and to share any other bold predictions they had for BTC following the election.
Of the 125 people who responded, 58 (46.4 percent) indicated that they hoped Donald Trump would win; 43 (34.4 percent) chose Joe Biden; 17 (13.6 percent) indicated that they were hoping for a third candidate to win; and seven (5.6 percent) elected not to answer.
Rooting For Trump
Digging into the written responses from those who are rooting for Trump, it appears that they agree with the U.S. at large in predicting that he will be the better candidate for the performance of the national economy. According…