For long, politicians have been skeptical about crypto/Blockchain tech as it provides an "escape route" from the existing monetary system controlled by governments worldwide. Some of them have seen the benefits of this emerging industry, showing their support for crypto. In the US, a presidential candidate named "Andrew Yang" publicly expressed his support for crypto/Blockchain technology. Other politicians have touched the subject lightly. All of this is good since it helps Bitcoin and other cryptocurrencies grow in the mainstream world. The same politicians supporting this emerging industry, could perform legislations to make crypto/Blockchain tech more legitimate in the mainstream world. Yet, the number of politicians supporting crypto is very small compared to those who don't.
Which politicians support Bitcoin? Do you think world leaders will embrace crypto/Blockchain tech at its fullest? Or will they go against it? What impact will mainstream politics have in the future direction of Bitcoin? Your input will be greatly appreciated. Thanks in advance.
Which politicians support Bitcoin? Do you think world leaders will embrace crypto/Blockchain tech at its fullest? Or will they go against it? What impact will mainstream politics have in the future direction of Bitcoin? Your input will be greatly appreciated. Thanks in advance.
Actually i think a lot of politicians are at place where they are not able to publicly express their support and endorse cryptocurrencies because of a fear of alienating people within their own party many of whom are staunchly opposed to cryptocurrencies or perhaps because the general public as whole still is not educated enough about bitcoin and thinks of it as that thing for criminals.
Another important factor is that a lot of politicians around the world are corrupt and often have illicit proceeds from back end deals and such. I am sure plenty of them may hold this money in bitcoin as a way of hiding their assets or for quickly moving it abroad in case they get caught up in scandals back home. ( this is especially true for countries with heavy cross border and capital control restrictions.)