Crypto Voters Could Swing US Elections, Says BitMEX Co-Founder
Arthur Hayes, co-founder of BitMEX, believes that crypto voters could play a significant role in the upcoming US elections. He argues that the narrow margins of victory in recent elections could be swayed by a bloc of crypto voters.
Hayes’s analysis hinges on some key assumptions:
* **All 50 million crypto holders in the US are registered to vote.**
* **Crypto holders will become single-issue voters focused on crypto policy.**
* **Voter turnout will be similar to 2020.**
* **There’s a 50/50 split of Democrats and Republicans among crypto holders.**
While these assumptions are debatable, survey data suggests that crypto policy is increasingly important to voters. A Grayscale study found that nearly half of voters distrust candidates who interfere with crypto, and 30% are more likely to support a candidate friendly to crypto.
Hayes argues that both parties are vying for the crypto vote, but he doubts Donald Trump’s sincerity on crypto. He believes that a short bill protecting all forms of money, including crypto, as protected speech could be a key strategy. Hayes suggests using the carrot and stick approach: crypto voters should support candidates who back the bill and vote against those who don’t.
It remains to be seen if crypto voters will truly become a deciding factor in the elections. However, Hayes’s analysis highlights the growing influence of crypto in politics.
