Against all odds, a new study reveals an unexpected picture of bitcoin holders in the United States. Long perceived as activists of a certain ideology, the latter demonstrate a more nuanced and diverse reality.
Unexpected ideological diversity
Researchers Andrew Perkins of Washington State University and Troy Cross of Reed College recently published the results of a study on the factors influencing bitcoin ownership in the United States. “What we found was really our most surprising result,” Cross wrote on Twitter. It found that contrary to expectations, bitcoin adoption does not lean significantly toward the political right or libertarianism.
The study, involving 3,538 people, watch that there is no significant correlation between political orientation and bitcoin ownership. Like Americans in general, bitcoin holders are found across the political spectrum, although they tend to position themselves as moderates.
Young, male and moderate: the profile of the bitcoin holder
Beyond political affiliations, the report sheds light on the demographics of bitcoin owners. They are predominantly young and male, which sets them apart from the general American population. But what makes them particularly interesting is their value system. Bitcoin owners present a unique profile when it comes to values.
The study uses moral foundations theory to analyze their values and finds that they 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.
The results also indicate that very liberal respondents are the most likely to own bitcoin, with 21.9% ownership, compared to 17.6% for very conservatives and 14.3% for moderates. However, the researchers point out that these differences are not statistically significant to indicate a strong political leaning.
In summary, this study illuminates the diversity and complexity of bitcoin holders. Its findings challenge common stereotypes and offer a new perspective on the intersection of technology and politics. Bitcoin holders in the United States are not members of a particular political tribe. Rather, they are Americans who have taken the time to study the technology and have formed positive attitudes toward it.
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