Politics and Bitcoin: The Worldviews of Upcoming Schools of Thought

Since its inception, the broader cryptocurrency community has drawn parallels between Bitcoin and libertarianism, and there are clear reasons for doing so: Both of their inherent ideologies favor a governance interference-free system that propels the "Be your own boss" school of thought.

Citing research spanning 1,200 crypto-enthusiasts, the publication discovered only 24 percent of the respondents identified as a libertarian, 21 percent as conservatives, 9 percent as socialists, 8 percent as anarcho-capitalists and 3 percent as nihilists.

The largest demographic was occupied by liberals at 27 percent.

In a broader sense, the percentages can count as distinctive worldviews of cryptocurrency users, indicating their support of cryptocurrencies with a preference for the various types of government.

Over 52 percent of respondents identify as right-wing, with the remaining on the left.

The right's edge over a substantial minority implies political choices have a limited role to play in one's choice of adopting cryptocurrencies.

As per research, libertarians are said to be among early cryptocurrency adopters due to the ethos of Bitcoin.

Respondent ideologies across cryptocurrencies vary greatly.

Bitcoin has a political following closely resembling test results, Ethereum is 55 percent leftist and privacy-centric Dash is 78 percent rightist.

The cryptocurrency sector could very likely split between various level of animosity, with each community having distinct political views.