Will Bitcoin determine the fate of the 2024 Elections?

May 11, 2024

I personally believe it will undoubtedly have a major influence on the coming elections

Let’s look at the facts:

It is clear to everyone by now that young voters are shifting from Democrat to Republican in droves. The shift is explained by discontent with the decay of the country and a hunger for a return to tradition, populism, and national identity. Part of this decay is the “wealth problem”, which is why young voters get behind bitcoin

In 2024, young voters are shifting right, and Bitcoin’s role in the November presidential election has taken center stage as one of the key reasons why.

Recent polling shows a generational shift. For the first time in decades, young voters—Millennials and Gen Z—are warming to the GOP. Former President Donald Trump leads President Joe Biden among younger voters in some polls, defying historical trends. This isn’t just a flash in the pan; it’s a seismic shift. In 2020, 42% of young men (18-29) were Democrats and 20% were Republicans. Today, 32% are Democrats and 29% are Republicans. The Democrat share of the youth vote went from a 200% lead to a margin of error in less than half a decade:

What matters to this rising electorate? Their financial situation. Call it the cost of living, jobs that pay a “living” wage, student loan debt, asset prices, or inflation, it all stems from the same underlying catalyst: money printing.

With the Fed’s manipulation of interest rates, plus its debt monetization every ~4 years at the resolution of each credit cycle, the erosion of the US dollar’s purchasing power is accelerating, young people are paying attention, and they want it fixed.

Even more than that, they are looking to bitcoin as the only way to secure their financial future. A place for them to save that won’t be eroded by 4-5% every year, and won’t be sliced in half if they decide to cash out and retire before 65. It has taken center stage as the solution to the wealth problem in the eyes of the youth, therefore it has taken center stage for one of the key voting blocks in the upcoming election.

This generation faces financial challenges unlike those of previous generations. With inflation eating away at their savings and debt burdens high at the personal and national level, they see Bitcoin not just as an investment, but as a financial lifeline, and a political statement. 2024 is shaping up to be a bitcoin election.

What do you say?

Come to the Financial Policy Council https://lnkd.in/eZU2UgYd, be a part of decisions that will shape the country’s future & share your thoughts.

#bitcoin
#2024elections
#wealth
#Millennials
#GenZ

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Emily Tamilio
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