Bitcoin’s entry into the world of politics has no turning back.
Bitcoin accommodates whatever political thought is preferred, if economic freedom is respected.
“Being anti-cryptocurrencies is simply bad policy,” Brian Armstrong, head of the Coinbase exchange, said a few days ago. This after knowing the results of the elections in the United States. An election where not only Donald Trump, a president who promised to support the sector, triumphed, but where a large majority of the representatives elected to Congress are pro-bitcoin.
Seeing these results, one thing is very clear: Bitcoin definitely got into politics fulfilling an important role that we can consider decisive.
It is an entrance to the stage that looks definitive. There is no exit for this new political character, considering the unusual volume of economic resources from the sector that entered the electoral campaign and that involves important figures and companies. With so much money involved, its influence is more than obvious. in US politics.
We are faced with a situation not seen in the previous elections and for which the ecosystem has been preparing. “The industry is better organized than in the 2020 presidential elections,” commented David Primo, professor of political science at the University of Rochester.
Hence – knowing the influence of the United States at a global level – it is most likely that we will witness how this dynamic is repeated in the electoral environments of other countriesin the not too distant future.
The avalanche of politicians who have been citing cryptocurrencies for some time and making promises aimed at this community already indicates where the compass is pointing. The changes are notable, since just about 5 years ago the balance was leaning towards a majority of politicians rejecting cryptocurrencies and criticizing Bitcoin in various parts of the world, seeing it as a marginal project.
This new wave of candidates, legislators and elected officials recognizes that the cryptocurrency pioneer has the potential to influence the financial system. And given the growing and unstoppable adoption figures, they know that it is no longer possible to leave it aside.
Politicians who want to attract attention and get votes will necessarily have to talk about Bitcoin; while governments will be forced to establish favorable guidelines. The negative experience of the Joe Biden government, with its anti-cryptocurrency stance, will serve as an example for posterity. A clear contrast with the popularity of Nayib Bukele and El Salvador’s bitcoiner strategy.
All this will lead to the currency being increasingly used as a tool, leading politicians to shape their speeches based on the interest of their followers in cryptocurrencies.. Satoshi Nakamoto’s creation is then faced with a new link. A new identity, one that does not diminish the apolitical nature of the network. Understood as a code, a mathematical operation that has no ideology, values, or will, beyond obeying its internal functioning.
It is common to encounter debates regarding the ideological nature of Bitcoin. There are those who say that, due to its links with the cypherpunk community, it is a cryptoanarchist technology. Others, due to their proximity to the postulates of the Austrian school of economics, They associate it with libertarianism. The reality is that Bitcoin can accommodate whatever political thinking is preferred – and will continue to function regardless of politics – as long as the mission that gave it life is respected: giving individual authority to people to manage their economic activity.
Disclaimer: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of CriptoNoticias. The author’s opinion is for informational purposes and under no circumstances constitutes an investment recommendation or financial advice.
