I, like a lot of you, am processing the outcomes of the current U.S. election wherein Donald Trump received handily each the electoral faculty and standard vote. As pundits talk about, left mainstream media personalities mourn, and sure many Trump supporters cheer ecstatically, as a progressive Bitcoiner it’s completely clear to me: If the Democratic Occasion desires a future in America, it should embrace Bitcoin.
Let me clarify what I imply. Not solely do I feel is it crucial for the occasion to embrace Bitcoin if it desires to outlive, however after this decisive Trump victory, I feel many inside the occasion, and people impartial voters who dip out and in of voting for democratic candidates, want to make a drastic change and return to the drafting board.
Bernie is again, and he has one thing to say.
It ought to come as no nice shock {that a} Democratic Occasion which has deserted working class folks would discover that the working class has deserted them.Whereas the Democratic management defends the established order, the American individuals are offended and need change.They usually’re proper. pic.twitter.com/lM2gSJmQFL
— Bernie Sanders (@BernieSanders) November 6, 2024
Now that Biden’s time period is coming to a detailed, and Harris conceded the race in defeat, Bernie isn’t mincing phrases together with his criticism of the democratic occasion and priorities. “It ought to come as no nice shock {that a} Democratic Occasion which has deserted working class folks would discover that the working class has deserted them.” Many inside the occasion, and former Bernie supporters who maybe aren’t within the occasion or supportive any longer, have been beating this drum for some time: Democrats favor coastal elites, who opine about progressive politics and “wokism” intellectually, whereas paying lip-service (and patronizing numerous different minority teams) to working class individuals. After shedding to Donald Trump twice, many democrats, progressives, and positively impartial and democratic american voters are questioning, the place can we go from right here?
Trump is a tour de power. A charismatic determine that has actually altered the course of American politics in methods the GOP, strategists, journalists, and the political institution by no means thought was attainable. The democratic occasion has been struggling to provide you with solutions in opposition to Trump and MAGA populism after 2016. Whereas mainstream media could proceed to forged his victories because the product of racism, sexism, or different beliefs steeped in id politics, the identical they did in 2016, many inside the occasion are accepting that the methods round id politics, anti-Trump, and a few ethical excessive floor are decisively ineffective.
Whereas all of us shall be analyzing knowledge, voter profiles, developments, and so forth over the following a number of months, many journalists, together with some fairly influential progressive leaning media retailers together with Pod Save America, Breaking Factors, and past conceded that the Democratic Occasion should return to being the occasion of working folks and give attention to the economic system and inflation, which was one of the vital necessary points for voters on the polls this 12 months. The Democratic occasion interval from 2016-present has targeted closely on id politics, what many deem as “wokism” and extra, which I wouldn’t discredit out proper. A lot of that is necessary. However, the burden and prioritization of those points over financial and different hardships Individuals face has been the problem. Many democrats and progressive knew this, however now now we have knowledge and election outcomes to show that it’s not a profitable technique for the occasion, significantly within the presidential election.
Being a progressive and Bitcoiner is sort of a singular place to be in, and it’s helped me analyze the world and predict sure developments and outcomes in attention-grabbing ways in which usually instances bitcoiners, or progressives outdoors of the bitcoin bubble, miss. The truth is, I’m not alone. Lots of the outspoken progressives and left-leaning people within the bitcoin house had been former Bernie bros, impressed by Occupy Wall Avenue and different populist financial messages round wealth inequality, company seize in America, Huge Financial institution bailouts and the 2008 World Monetary Disaster. Many people have been turned off by the occasion’s pivot away from these battles, even to the purpose the place Senator Elizabeth Warren has been working with and funded closely by Huge Banks, to not point out her and plenty of others excessive hostile takes in opposition to the revolutionary expertise born within the wake of the World Monetary Disaster: Bitcoin.
Right here’s my take: Not solely should the Democrats embrace Bitcoin to have a political future in America–I feel many present and former members could be way more open to it. Rep. Ro Khanna is one main instance of a progressive democrat who understands the place the Democratic Occasion has been shedding floor to the Republicans on financial points and Bitcoin. On the Bitcoin convention in Nashville this previous summer time, Rep Khanna acknowledged, “Being in opposition to Bitcoin is like being in opposition to cell telephones or the laptop computer, or semi conductors, it is a expertise.” Bitcoin is for freedom.”
Bitcoin advocates and marketing campaign funding performed an enormous half on this 12 months’s presidential election. Whereas most democrats and the Harris marketing campaign selected to primarily ignore Bitcoin and the business, with some impartial or imprecise assist of expertise talked about right here and there, after a hostile 4 years beneath the Biden administration, this seems to be an error they could not afford to make. Many progressives and democrats could proceed to talk out in opposition to the business and the marketing campaign financing and superpacs that introduced in Huge Crypto Cash (which marketing campaign financing after which bitcoin the expertise are two various things), however it’s a difficulty that may not be ignored, and nearly weekly appears to be rising increasingly bi-partisan (together with possession of Bitcoin in America, proven to be exceptionally broad and various throughout the political spectrum from a current survey carried out by Colin Brown, Troy Cross, and Andrew Perkins).
Donald Trump and the GOP have used and garnered the only concern crypto voters in large methods. Marketing campaign guarantees embody defending the appropriate to self-custody, a U.S. Bitcoin Strategic Reserve, to assist the crypto and bitcoin mining industries, Free Ross, and extra. We’ll see if he makes good on these guarantees, and it’s unclear how large of an influence Trump’s pro-crypto positions had on the election end result, however it’s not negligible. And if something, it additionally symbolized what we noticed was essential for American voters– an enormous shift from the present administration, and massive guarantees relating to the economic system and financial prosperity for America.
Because the Democrats head again to the drafting board to find out the way forward for the occasion and their priorities, many are able to go large, unburdened by what has been (sorry, needed to) with the Hilary, Biden, Harris neo-liberal coalitions. And there’s one good place to start out–the economic system, silly! Affordability, inflation, and hope in a brighter financial future for center class and dealing households are profitable priorities and what Individuals on the finish of the day present up in big numbers to vote for. Bitcoin has a major position to play on this strategy and messaging, as an inflation hedge, unbelievable financial savings expertise for working households, censorship resistant funds (ought to progressive activists discover themselves in positions to wish resistance cash in opposition to Donald Trump’s authoritarian insurance policies), and past. If the Democrats are severe about getting again to a few of their roots because the occasion of working class folks, together with an olive department to former impartial and Bernie helps who’re captivated with preventing for monetary freedom and a greater residing for working class Individuals, Occupy, and past, they are going to discover Bitcoin is an unbelievable instrument to that finish. With Bitcoin there isn’t a barrier to possession, no intermediary, not dealer or financial institution you will need to use or be “accredited” by
Permissionless, freedom cash. Can this be a rallying cry for the following chapter within the progressive motion and for Democrats to make the most of on the marketing campaign path? It nearly appears inevitable…a when, not an if…that the Democratic occasion capitulates to Bitcoin and the American folks’s calls for, or face extinction. Myself, Margot Paez, and others from The Progressive Bitcoiner will definitely be right here to advocate for a rebirthing of the progressive motion, powered by Bitcoin.
This can be a visitor publish by Trey Walsh. Opinions expressed are completely their very own and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
