No, Crypto Isn't Just for Libertarians Anymore

While some say crypto is apolitical, others argue a technology that takes direct aim at central bank-driven monetary policy can't be anything otherwise.

Among a wide range of questions, some were aimed at discovering the political leanings of the crypto community as they relate to the technology in general, as well as to specific coins.

The more than 1,200 crypto community respondents broke down to 8 percent anarcho-capitalists, 24 percent libertarians, 21 percent conservatives, 9 percent centrists, 27 percent liberals, 9 percent socialists and 3 percent nihilists.

After combining categories into our composite of the left vs. right spectrum, we observe that 52 percent of the crypto community are right-wing and 45 percent identify as being on the left.

Anecdotally, libertarians made up the overwhelming majority of early crypto advocates and thus the archetype stuck with the general movement.

Many more people have come into the crypto world drawn by rising prices and without such strong political views.

55 percent of our Q1 survey respondents started actively following crypto in 2017.

Santiago Siri, Founder of DemocracyEarth, remarked, "It's interesting to confirm the ideological biases of the communities behind the leading cryptocurrencies of our time, although probably in crypto we might need a different spectrum: one-coin-to-rule-them-all maximalists versus free market multi-token holders."

Suggested that, "The people who were involved in crypto from the beginning were mostly leaning towards anarcho-capitalism and libertarianism, however that changed last year when the hype around Bitcoin and the entire crypto market attracted many other people with different backgrounds".

Chris Derose, a longtime crypto personality and host of the podcast "Bitcoin Uncensored," has been raising.