Younger Voters Drive Politicians to Support Crypto, Says Pantera CEO
Dan Morehead, CEO of Pantera Capital, suggests that political leaders are increasingly adopting pro-crypto views due to growing voter demographics.
In Pantera’s Blockchain Letter, Morehead highlights that the Federal Reserve’s extensive money printing over the years has primarily favored older individuals, while younger generations, now a larger portion of the electorate, have been disadvantaged.
Morehead presents data from the Federal Reserve showing wealth disparities, with older Americans benefiting disproportionately.
“The shift towards blockchain by both political parties is obvious. Most Americans are under 40, and the Fed’s policies have largely benefited older citizens,” he explains.
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At a recent Bitcoin conference, Morehead noted the significance of former president Donald Trump, a current Republican nominee, endorsing crypto.
“This change is huge for crypto. Whether Trump or another candidate wins, the attitude towards digital assets has shifted. The SEC was about to approve an ETH ETF within a week. This represents a major turning point, as politicians now realize the importance of the crypto-supporting younger voters,” Morehead asserts.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
