Bitcoin Holders: More Diverse Than You Think
A recent study has revealed that Bitcoin holders in the United States are more diverse than previously thought. The research, conducted by Andrew Perkins from Washington State University and Troy Cross from Reed College, debunked the stereotype of Bitcoin owners as being solely right-wing or libertarian.
Contrary to Expectations: Bitcoin Holders Span the Political Spectrum
The study, which surveyed 3,538 individuals, found no significant correlation between political orientation and Bitcoin ownership. Bitcoin holders are found across the political spectrum, though they tend to identify as moderates. This suggests that Bitcoin ownership is not driven by a particular ideology but by a broader interest in the technology.
A Closer Look at Bitcoin Holders: Young, Male, and Moderate
The study also revealed that Bitcoin owners are primarily young and male, which sets them apart from the general US population. However, it’s their value system that truly sets them apart. The study utilized moral foundations theory to analyze their values and found that Bitcoin owners value cultural freedom and equality more than the average conservative or liberal. They align with conservatives on issues of purity, loyalty, and proportionality, and with liberals on issues of care.
Bitcoin Ownership and Political Orientation: A Complex Picture
While the study found that very liberal respondents are the most likely to own Bitcoin (21.9%), followed by very conservatives (17.6%) and moderates (14.3%), these differences are not statistically significant enough to indicate a strong political trend.
This research paints a more nuanced picture of Bitcoin holders in the US, challenging common stereotypes and showcasing the diverse nature of the community. It underscores the fact that Bitcoin ownership is driven by a multitude of factors, including technological interest, financial aspirations, and individual values.
