There are other studies that have focused their research on specific countries. There are none who directly ask their respondents about ideology, but in their responses there are clearly motivations linked to various political thoughts. For example, why do you invest in cryptocurrencies in the United States and Great Britain? The main factor is the growth of investment, but there are other striking factors such as avoiding the regulation of their governments, something that attracts 18% of North Americans and 8% of British. Although, for better or for worse, perhaps what is most surprising is that 45% of the former and 41% of the latter invest “simply for fun”, something that is not exclusive to these two countries: 38% of the South Korean cryptocurrency investors are doing it because it is “like playing video games.”

There are similar trends in other neighboring countries. In France, for example, 33% of ‘crypto bros’ invest for the profit they presume that cryptocurrencies will give them. 19%, on the other hand, because they are not regulated by the State, and 14% for ideological reasons, although without going into details.

An anarchist origin … or anarcho-capitalist?
Wait: cryptocurrencies were not born in an anarchist philosophy and more linked to the left than to the right? If Satoshi Nakamoto, the supposed creator of bitcoin, had strong anarchist and libertarian leanings, are we not mistaking the diagnosis? Maybe not. And it is that socialist or collectivist anarchism, which most of us know through figures like Bakunin, differs significantly from the so-called individualist anarchism, much more deeply rooted in the United States. While the first defends theories such as the collectivization of property and fights against the State, to give a simple example, the second does not necessarily fight against private property or the free market, only against the State. In this sense, American individualist anarchism would be closer even to anarcho-capitalism. In fact, even the term ‘libertarian’, which many of the respondents boast about in the reports shown above, has different implications than we might think of in European countries. A libertarian in America doesn’t exactly vote left. What’s more, according to a Cato Institute report, when America’s self-proclaimed libertarians have had to vote, the results have been clear: the Republican Party represented a clear majority.

Leave a Reply

Your email address will not be published.