PARIS, FRANCE – FEBRUARY 16: In this photo illustration, a visual representation of the digital… (+) Cryptocurrencies, Bitcoin, Ripple, Ethanum, Dash, Monero, Litecoin, published on February 16, 2018 Shown in Paris, France. Digital cryptocurrencies experienced unprecedented growth in 2017, even though they remain highly volatile. (Photo illustration: Chesnot/Getty Images)
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Are you, our reader, trading cryptocurrencies? Are you accumulating wealth there?
Especially if the answer is no, it is useful to consider such answers in the light of a recent national poll conducted by The Digital Chamber. It is clear that change is afoot, and the latter is likely rooted in increased familiarity with and use of cryptocurrencies.
Polls show that one in seven likely voters identify as part of the crypto voting bloc. It’s worth noting that the likely voters are both Republicans and Democrats, and that “cryptocurrency policy will have a significant impact on voting in the 2024 election.”
Stop and think about that, and especially compared to the 2020 election, and even the 2022 midterm elections, where so much blood was shed on the proverbial cryptocurrency streets. It is unreasonable to suggest that in 2020, voting blocs were deemed irrelevant to elections, and in 2022, the aforementioned carnage will further reduce the perceived importance of crypto voters.
Considering the voting bloc now includes 26 million Americans, a lot has changed quickly. What’s interesting is that this is how markets work. New ideas and new ways to trade and save can change in the blink of an eye. Remember, as the 20th century drew to a close, the majority of transactions in the United States still involved the United States Postal Service and the checks it delivered. . How quickly things changed in the years that followed!
Something similar seems to be currently underway in the virtual currency sense. If 1 in 7 voters report that policies related to private digital money have a significant impact on their vote, what is the difference between something vague and significant for 6 out of 7 voters? It’s just a matter of time. Is it difficult to imagine?
There’s no doubt about it, but then big changes to the internet happened. If there is any doubt about this, readers may wish to recall when Amazon.com critics refer to Amazon.com as Amazon.org. get it? Taking this further, the reader need only remember the endless bankruptcies manifested in the Internet space at the beginning of the 21st century. Perhaps this marks the end of what too many thought was a fad, but in 2024 the internet is a powerful reality.
Consider what cryptocurrencies were like in 2020, 2022, and 2024. Tens of millions of voters on both sides of the aisle believe that cryptocurrencies have a significant impact on their votes. The speculation here is that it signals a cipher on the edge of something much larger.
Evidence to support this claim can be found within the presidential candidates themselves. Clumsily, they have tried to present themselves as individuals ready to create the policies necessary to make cryptocurrencies ubiquitous. Their efforts are unnecessary because, thankfully, commercial progress is too rapid for politicians. This is a feature of the current state of the economy and its future direction, not a bug.
The people in the best position to popularize cryptocurrencies and make them an essential part of life are likely to be much younger than the politicians rushing to vote. Just as young people have built their internet lives, they will similarly make cryptocurrencies a powerful aspect of their lives. In short, the polling data published by The Digital Chamber has implications far beyond the data. It represents a huge leap forward for the better, and it will profoundly change the way we trade and save.
